Buyers Emerge For Northvolt - CleanTechnica

The article reports on ongoing negotiations for the sale of Northvolt, a Swedish battery manufacturer that recently filed for bankruptcy. According to bankruptcy trustee Michael Kubu, an initial non-binding bid has been received from a foreign investor interested in acquiring the entire Northvolt operation, marking the first time such an offer has been made. Additionally, there are at least two other potential buyers, increasing the likelihood that the company’s assets could be sold as a whole. However, challenges remain, including the dwindling number of employees and the need for buyers to secure not only machinery but also skilled staff. Key Northvolt assets include the main plant in Skellefteå (Northvolt Ett), the development center in Västerås (Northvolt Labs), and a planned factory in Heide, Germany, which still benefits from subsidies. Several parts of Northvolt have already been sold off prior to bankruptcy: Volvo Cars acquired shares in the joint venture Novo Energy, Scania took over a battery module production facility in Poland and an R