Northvolt in crisis

Northvolt's hearing begins in the US – few protests

On Friday, Northvolt's so-called "second day hearing" begins in the bankruptcy court in Texas. The negotiations follow those held when the company filed for bankruptcy protection in the US through a Chapter 11 procedure.

DI writes that the hearing looks to be "undramatic" for the troubled battery manufacturer, as only one creditor has filed protests against proposals on the table. This concerns the American medical technology company Thermo Fisher, which wants to see certain adjustments.

The hearing was supposed to be held on Tuesday but was postponed until Friday.

Northvolt's reconstruction in the US is complete: "Simpler"

Northvolt's reconstruction process in the US is complete, confirms the company's press contact Erik Zsiga to DI.

On Friday, the Texas bankruptcy court hammered through the so-called Chapter 11 proceedings, which the battery company filed for in November.

Various types of exemptions that were previously temporary will become permanent with the court's decision, according to Erik Zsiga.

- It is clear that it makes it easier to continue the path forward. It gives us greater stability, he tells the newspaper.

Now Northvolt continues to focus on new financing and on scaling up production, he adds.