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Northvolt CEO Resigns After EV Battery Maker Files For Bankruptcy Protection

Handout undated photo of Northvolt Ett facility. The chief executive of Northvolt has resigned, after the Swedish battery startup filed for bankruptcy protection in the US. Peter Carlsson, who has led Northvolt since 2016, will step aside with immediate effect, the company said on Friday. Carlsson said Northvolt, which is widely seen as a leading player in European efforts to build an electric vehicle battery industry, needs to raise between $ 1bn and $ 1.2bn in order to restore the business. Northvolt has built a factory in northern Sweden where it hopes to use green energy to produce hundreds of thousands of EV batteries each year. It was the most prominent of a host of European startups hoping to challenge the dominant Asian battery industry. However, the company has tipped into crisis in recent months as cash ran dry and it experienced problems getting its first factory up and running properly. Northvolt on Thursday announced it would seek Chapter 11 bankruptcy protection in the US after talks over rescue

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Northvolt CEO Resigns After EV Battery Maker Files For Bankruptcy Protection

Handout undated photo of Northvolt Ett facility. The chief executive of Northvolt has resigned, after the Swedish battery startup filed for bankruptcy protection in the US. Peter Carlsson, who has led Northvolt since 2016, will step aside with immediate effect, the company said on Friday. Carlsson said Northvolt, which is widely seen as a leading player in European efforts to build an electric vehicle battery industry, needs to raise between $ 1bn and $ 1.2bn in order to restore the business. Northvolt has built a factory in northern Sweden where it hopes to use green energy to produce hundreds of thousands of EV batteries each year. It was the most prominent of a host of European startups hoping to challenge the dominant Asian battery industry. However, the company has tipped into crisis in recent months as cash ran dry and it experienced problems getting its first factory up and running properly. Northvolt on Thursday announced it would seek Chapter 11 bankruptcy protection in the US after talks over rescue

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Northvolt CEO Resigns After EV Battery Maker Files For Bankruptcy Protection

Handout undated photo of Northvolt Ett facility. The chief executive of Northvolt has resigned, after the Swedish battery startup filed for bankruptcy protection in the US. Peter Carlsson, who has led Northvolt since 2016, will step aside with immediate effect, the company said on Friday. Carlsson said Northvolt, which is widely seen as a leading player in European efforts to build an electric vehicle battery industry, needs to raise between $ 1bn and $ 1.2bn in order to restore the business. Northvolt has built a factory in northern Sweden where it hopes to use green energy to produce hundreds of thousands of EV batteries each year. It was the most prominent of a host of European startups hoping to challenge the dominant Asian battery industry. However, the company has tipped into crisis in recent months as cash ran dry and it experienced problems getting its first factory up and running properly. Northvolt on Thursday announced it would seek Chapter 11 bankruptcy protection in the US after talks over rescue

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Northvolt CEO Resigns After EV Battery Maker Files For Bankruptcy Protection

Handout undated photo of Northvolt Ett facility. The chief executive of Northvolt has resigned, after the Swedish battery startup filed for bankruptcy protection in the US. Peter Carlsson, who has led Northvolt since 2016, will step aside with immediate effect, the company said on Friday. Carlsson said Northvolt, which is widely seen as a leading player in European efforts to build an electric vehicle battery industry, needs to raise between $ 1bn and $ 1.2bn in order to restore the business. Northvolt has built a factory in northern Sweden where it hopes to use green energy to produce hundreds of thousands of EV batteries each year. It was the most prominent of a host of European startups hoping to challenge the dominant Asian battery industry. However, the company has tipped into crisis in recent months as cash ran dry and it experienced problems getting its first factory up and running properly. Northvolt on Thursday announced it would seek Chapter 11 bankruptcy protection in the US after talks over rescue

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Northvolt CEO Resigns After EV Battery Maker Files For Bankruptcy Protection

Handout undated photo of Northvolt Ett facility. The chief executive of Northvolt has resigned, after the Swedish battery startup filed for bankruptcy protection in the US. Peter Carlsson, who has led Northvolt since 2016, will step aside with immediate effect, the company said on Friday. Carlsson said Northvolt, which is widely seen as a leading player in European efforts to build an electric vehicle battery industry, needs to raise between $ 1bn and $ 1.2bn in order to restore the business. Northvolt has built a factory in northern Sweden where it hopes to use green energy to produce hundreds of thousands of EV batteries each year. It was the most prominent of a host of European startups hoping to challenge the dominant Asian battery industry. However, the company has tipped into crisis in recent months as cash ran dry and it experienced problems getting its first factory up and running properly. Northvolt on Thursday announced it would seek Chapter 11 bankruptcy protection in the US after talks over rescue

E

Northvolt CEO Resigns After EV Battery Maker Files For Bankruptcy Protection

Handout undated photo of Northvolt Ett facility. The chief executive of Northvolt has resigned, after the Swedish battery startup filed for bankruptcy protection in the US. Peter Carlsson, who has led Northvolt since 2016, will step aside with immediate effect, the company said on Friday. Carlsson said Northvolt, which is widely seen as a leading player in European efforts to build an electric vehicle battery industry, needs to raise between $ 1bn and $ 1.2bn in order to restore the business. Northvolt has built a factory in northern Sweden where it hopes to use green energy to produce hundreds of thousands of EV batteries each year. It was the most prominent of a host of European startups hoping to challenge the dominant Asian battery industry. However, the company has tipped into crisis in recent months as cash ran dry and it experienced problems getting its first factory up and running properly. Northvolt on Thursday announced it would seek Chapter 11 bankruptcy protection in the US after talks over rescue

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Northvolt CEO Resigns After EV Battery Maker Files For Bankruptcy Protection

Handout undated photo of Northvolt Ett facility. The chief executive of Northvolt has resigned, after the Swedish battery startup filed for bankruptcy protection in the US. Peter Carlsson, who has led Northvolt since 2016, will step aside with immediate effect, the company said on Friday. Carlsson said Northvolt, which is widely seen as a leading player in European efforts to build an electric vehicle battery industry, needs to raise between $ 1bn and $ 1.2bn in order to restore the business. Northvolt has built a factory in northern Sweden where it hopes to use green energy to produce hundreds of thousands of EV batteries each year. It was the most prominent of a host of European startups hoping to challenge the dominant Asian battery industry. However, the company has tipped into crisis in recent months as cash ran dry and it experienced problems getting its first factory up and running properly. Northvolt on Thursday announced it would seek Chapter 11 bankruptcy protection in the US after talks over rescue

E

Northvolt CEO Resigns After EV Battery Maker Files For Bankruptcy Protection

Handout undated photo of Northvolt Ett facility. The chief executive of Northvolt has resigned, after the Swedish battery startup filed for bankruptcy protection in the US. Peter Carlsson, who has led Northvolt since 2016, will step aside with immediate effect, the company said on Friday. Carlsson said Northvolt, which is widely seen as a leading player in European efforts to build an electric vehicle battery industry, needs to raise between $ 1bn and $ 1.2bn in order to restore the business. Northvolt has built a factory in northern Sweden where it hopes to use green energy to produce hundreds of thousands of EV batteries each year. It was the most prominent of a host of European startups hoping to challenge the dominant Asian battery industry. However, the company has tipped into crisis in recent months as cash ran dry and it experienced problems getting its first factory up and running properly. Northvolt on Thursday announced it would seek Chapter 11 bankruptcy protection in the US after talks over rescue

E

Northvolt CEO Resigns After EV Battery Maker Files For Bankruptcy Protection

Handout undated photo of Northvolt Ett facility. The chief executive of Northvolt has resigned, after the Swedish battery startup filed for bankruptcy protection in the US. Peter Carlsson, who has led Northvolt since 2016, will step aside with immediate effect, the company said on Friday. Carlsson said Northvolt, which is widely seen as a leading player in European efforts to build an electric vehicle battery industry, needs to raise between $ 1bn and $ 1.2bn in order to restore the business. Northvolt has built a factory in northern Sweden where it hopes to use green energy to produce hundreds of thousands of EV batteries each year. It was the most prominent of a host of European startups hoping to challenge the dominant Asian battery industry. However, the company has tipped into crisis in recent months as cash ran dry and it experienced problems getting its first factory up and running properly. Northvolt on Thursday announced it would seek Chapter 11 bankruptcy protection in the US after talks over rescue

E

Northvolt CEO Resigns After EV Battery Maker Files For Bankruptcy Protection

Handout undated photo of Peter Carlsson. The chief executive of Northvolt has resigned, after the Swedish battery startup filed for bankruptcy protection in the US. Peter Carlsson, who has led Northvolt since 2016, will step aside with immediate effect, the company said on Friday. Carlsson said Northvolt, which is widely seen as a leading player in European efforts to build an electric vehicle battery industry, needs to raise between $ 1bn and $ 1.2bn in order to restore the business. Northvolt has built a factory in northern Sweden where it hopes to use green energy to produce hundreds of thousands of EV batteries each year. It was the most prominent of a host of European startups hoping to challenge the dominant Asian battery industry. However, the company has tipped into crisis in recent months as cash ran dry and it experienced problems getting its first factory up and running properly. Northvolt on Thursday announced it would seek Chapter 11 bankruptcy protection in the US after talks over rescue investm

E

Northvolt CEO Resigns After EV Battery Maker Files For Bankruptcy Protection

Handout undated photo of Northvolt Ett facility. The chief executive of Northvolt has resigned, after the Swedish battery startup filed for bankruptcy protection in the US. Peter Carlsson, who has led Northvolt since 2016, will step aside with immediate effect, the company said on Friday. Carlsson said Northvolt, which is widely seen as a leading player in European efforts to build an electric vehicle battery industry, needs to raise between $ 1bn and $ 1.2bn in order to restore the business. Northvolt has built a factory in northern Sweden where it hopes to use green energy to produce hundreds of thousands of EV batteries each year. It was the most prominent of a host of European startups hoping to challenge the dominant Asian battery industry. However, the company has tipped into crisis in recent months as cash ran dry and it experienced problems getting its first factory up and running properly. Northvolt on Thursday announced it would seek Chapter 11 bankruptcy protection in the US after talks over rescue

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King Felipe Attends the Meeting The Royal and Military Order of Saint Hermenegildo - Spain

King Felipe VI (c) upon his arrival to preside over the meeting of the Chapter of the Royal Military Order of San Hermenegildo, at the Monastery of San Lorenzo del Escorial, on June 11, 2024, in San Lorenzo del Escorial, Madrid (Spain). The Order of San Hermenegildo was instituted in 1814 by Ferdinand VII in recognition of the constancy in the military service to the officers of the Army. It is currently held every two years. Photo by Diego Radamés / Europa Press/ABACAPRESS.COM

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King Felipe Attends the Meeting The Royal and Military Order of Saint Hermenegildo - Spain

King Felipe VI during the meeting of the Chapter of the Royal Military Order of San Hermenegildo, at the Monastery of San Lorenzo del Escorial, on June 11, 2024, in San Lorenzo del Escorial, Madrid (Spain). The Order of San Hermenegildo was instituted in 1814 by Ferdinand VII in recognition of the constancy in the military service to the officers of the Army. It is currently held every two years. Photo by Diego Radamés / Europa Press/ABACAPRESS.COM

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King Felipe Attends the Meeting The Royal and Military Order of Saint Hermenegildo - Spain

King Felipe VI greets upon his arrival to preside over the meeting of the Chapter of the Royal Military Order of San Hermenegildo, at the Monastery of San Lorenzo del Escorial, on June 11, 2024, in San Lorenzo del Escorial, Madrid (Spain). The Order of San Hermenegildo was instituted in 1814 by Ferdinand VII in recognition of the constancy in the military service to the officers of the Army. It is currently held every two years. Photo by Diego Radamés / Europa Press/ABACAPRESS.COM

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King Felipe Attends the Meeting The Royal and Military Order of Saint Hermenegildo - Spain

King Felipe VI during the meeting of the Chapter of the Royal Military Order of San Hermenegildo, at the Monastery of San Lorenzo del Escorial, on June 11, 2024, in San Lorenzo del Escorial, Madrid (Spain). The Order of San Hermenegildo was instituted in 1814 by Ferdinand VII in recognition of the constancy in the military service to the officers of the Army. It is currently held every two years. Photo by Diego Radamés / Europa Press/ABACAPRESS.COM

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King Felipe Attends the Meeting The Royal and Military Order of Saint Hermenegildo - Spain

King Felipe VI (r) waves upon his arrival to preside over the meeting of the Chapter of the Royal Military Order of San Hermenegildo, at the Monastery of San Lorenzo del Escorial, June 11, 2024, in San Lorenzo del Escorial, Madrid (Spain). The Order of San Hermenegildo was instituted in 1814 by Fernando VII as a recognition to the constancy in the military service to the officers of the Army. It is currently held every two years. Photo by Diego Radamés / Europa Press/ABACAPRESS.COM

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King Felipe Attends the Meeting The Royal and Military Order of Saint Hermenegildo - Spain

King Felipe VI greets upon his arrival to preside over the meeting of the Chapter of the Royal Military Order of San Hermenegildo, at the Monastery of San Lorenzo del Escorial, on June 11, 2024, in San Lorenzo del Escorial, Madrid (Spain). The Order of San Hermenegildo was instituted in 1814 by Ferdinand VII in recognition of the constancy in the military service to the officers of the Army. It is currently held every two years. Photo by Diego Radamés / Europa Press/ABACAPRESS.COM

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King Felipe Attends the Meeting The Royal and Military Order of Saint Hermenegildo - Spain

King Felipe VI (3r) waves upon his arrival to preside over the meeting of the Chapter of the Royal Military Order of San Hermenegildo, at the Monastery of San Lorenzo del Escorial, on June 11, 2024, in San Lorenzo del Escorial, Madrid (Spain). The Order of San Hermenegildo was instituted in 1814 by Ferdinand VII in recognition of the constancy in the military service to the officers of the Army. It is currently held every two years. Photo by Diego Radamés / Europa Press/ABACAPRESS.COM

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King Felipe Attends the Meeting The Royal and Military Order of Saint Hermenegildo - Spain

King Felipe VI greets upon his arrival to preside over the meeting of the Chapter of the Royal Military Order of San Hermenegildo, at the Monastery of San Lorenzo del Escorial, on June 11, 2024, in San Lorenzo del Escorial, Madrid (Spain). The Order of San Hermenegildo was instituted in 1814 by Ferdinand VII in recognition of the constancy in the military service to the officers of the Army. It is currently held every two years. Photo by Diego Radamés / Europa Press/ABACAPRESS.COM

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King Felipe Attends the Meeting The Royal and Military Order of Saint Hermenegildo - Spain

King Felipe VI greets upon his arrival to preside over the meeting of the Chapter of the Royal Military Order of San Hermenegildo, at the Monastery of San Lorenzo del Escorial, on June 11, 2024, in San Lorenzo del Escorial, Madrid (Spain). The Order of San Hermenegildo was instituted in 1814 by Ferdinand VII in recognition of the constancy in the military service to the officers of the Army. It is currently held every two years. Photo by Diego Radamés / Europa Press/ABACAPRESS.COM

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King Felipe Attends the Meeting The Royal and Military Order of Saint Hermenegildo - Spain

King Felipe VI on his arrival to preside over the meeting of the Chapter of the Royal Military Order of San Hermenegildo, at the Monastery of San Lorenzo del Escorial, on June 11, 2024, in San Lorenzo del Escorial, Madrid (Spain). The Order of San Hermenegildo was instituted in 1814 by Ferdinand VII in recognition of the constancy in the military service to the officers of the Army. It is currently held every two years. Photo by Diego Radamés / Europa Press/ABACAPRESS.COM

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King Felipe Attends the Meeting The Royal and Military Order of Saint Hermenegildo - Spain

King Felipe VI (c) upon his arrival to preside over the meeting of the Chapter of the Royal Military Order of San Hermenegildo, at the Monastery of San Lorenzo del Escorial, on June 11, 2024, in San Lorenzo del Escorial, Madrid (Spain). The Order of San Hermenegildo was instituted in 1814 by Ferdinand VII in recognition of the constancy in the military service to the officers of the Army. It is currently held every two years. Photo by Diego Radamés / Europa Press/ABACAPRESS.COM

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King Felipe Attends the Meeting The Royal and Military Order of Saint Hermenegildo - Spain

King Felipe VI greets upon his arrival to preside over the meeting of the Chapter of the Royal Military Order of San Hermenegildo, at the Monastery of San Lorenzo del Escorial, on June 11, 2024, in San Lorenzo del Escorial, Madrid (Spain). The Order of San Hermenegildo was instituted in 1814 by Ferdinand VII in recognition of the constancy in the military service to the officers of the Army. It is currently held every two years. Photo by Diego Radamés / Europa Press/ABACAPRESS.COM

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King Felipe Attends the Meeting The Royal and Military Order of Saint Hermenegildo - Spain

King Felipe VI greets upon his arrival to preside over the meeting of the Chapter of the Royal Military Order of San Hermenegildo, at the Monastery of San Lorenzo del Escorial, on June 11, 2024, in San Lorenzo del Escorial, Madrid (Spain). The Order of San Hermenegildo was instituted in 1814 by Ferdinand VII in recognition of the constancy in the military service to the officers of the Army. It is currently held every two years. Photo by Diego Radamés / Europa Press/ABACAPRESS.COM

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UN climate chief calls for pooling efforts toward achieving final "outcome" for climate summit

STORY: UN climate chief calls for pooling efforts toward achieving final "outcome" for climate summit SHOOTING TIME: Dec. 11, 2023 DATELINE: Dec. 11, 2023 LENGTH: 00:01:12 LOCATION: Dubai CATEGORY: POLITICS/ENVIRONMENT SHOTLIST: 1. various of the COP28 climate conference 2. SOUNDBITE 1 (English): SIMON STIELL, UN Climate Change Executive Secretary 3. various of the COP28 climate conference STORYLINE: As the COP28 climate conference entered its final stretch, UN Climate Change Executive Secretary Simon Stiell on Monday called on all parties to pool efforts toward a final "outcome" for the summit. SOUNDBITE 1 (English): SIMON STIELL, UN Climate Change Executive Secretary "We do not have a minute to lose in this crucial home stretch, and none of us have had much sleep, so I'm going to be incredibly brief in my remarks. Negotiators have a chance, right here in Dubai over the next 24 hours, to start a new chapter -- one that really delivers for people and planet." The UN climate chief said debates are ling

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China delves into sea for challenging shipwreck exploration

STORY: China delves into sea for challenging shipwreck exploration DATELINE: June 11, 2023 LENGTH: 0:01:37 LOCATION: HAIKOU, China CATEGORY: CULTURE/TECHNOLOGY SHOTLIST: 1. various of the deep-sea archaeological exploration 2. SOUNDBITE 1 (Chinese): ZHANG NINGHAO, Deputy head of the deep-sea archaeological team 3. SOUNDBITE 2 (Chinese): CHEN CHUANXU, Deputy head of the deep-sea archaeological team STORYLINE: A deep-sea archaeological team on Sunday finished the first stage of investigations on two ancient shipwrecks discovered in the South China Sea. The investigations were launched on May 20, opening a new chapter of China's deep-sea archaeology. Approved by the National Cultural Heritage Administration, the first stage of investigations was conducted at the site of the No. 1 and No. 2 shipwrecks near the northwest continental slope of the South China Sea. SOUNDBITE 1 (Chinese): ZHANG NINGHAO, Deputy head of the deep-sea archaeological team "This is the first time that we've got to witness such larg

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Kodak booth at international CES

LAS VEGAS, United States - Photo taken on Jan. 11, 2012, shows Eastman Kodak Co.'s exhibition booth at the 2012 International Consumer Electronics Show in Las Vegas, Nevada. The pioneering U.S. photography firm has filed for Chapter 11 bankruptcy protection with a New York court, the company said Jan. 19, 2012.

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Chinese vice president meets with local Japanese leader

BEIJING, Japan - Chinese Vice President Xi Jinping (R) shakes hands with the governor of Japan's Shizuoka Prefecture, Heita Kawakatsu, at the Great Hall of the People in Beijing on Jan. 11, 2010. The central Japan prefecture has close relations with Zhejiang Province, where Xi headed the local chapter of the Chinese Communist Party.

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General Motors files for Chapter 11 bankruptcy

NEW YORK, United States - Fritz Henderson, chief executive officer of embattled U.S. automaker General Motors Corp., speaks during a news conference in New York on June 1 after filing for Chapter 11 bankruptcy protection.

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General Motors files for Chapter 11 bankruptcy

NEW YORK, United States - A throng of reporters and photographers wait outside the U.S. Bankruptcy Court in New York as embattled automaker General Motors Corp. filed for bankruptcy protection the same day.

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General Motors files for Chapter 11 bankruptcy

NEW YORK, United States - Fritz Henderson, chief executive officer of embattled U.S. automaker General Motors Corp., puts his hand to his face during a news conference in New York on June 1 after filing for Chapter 11 bankruptcy protection.

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General Motors files for Chapter 11 bankruptcy

NEW YORK, United States - A throng of reporters and photographers wait outside the U.S. Bankruptcy Court in New York as embattled automaker General Motors Corp. filed for bankruptcy protection the same day.

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General Motors files for Chapter 11 bankruptcy

DETROIT, United States - This photo shows the headquarters of General Motors Corp. in Detroit, Michigan, which filed for bankruptcy on June 1.

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GM to file for bankruptcy Mon., gov't to get 60% stake

DETROIT, United States - This photo shows the headquarters of General Motors Corp. in Detroit, Michigan, which is set to file for bankruptcy on June 1. The U.S. government announced May 31 a set of measures to get the ailing auto giant back on its feet after its planned Chapter 11 bankruptcy filing.

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Tanaka speaks to the media

MAEBASHI, Japan - Foreign Minister Makiko Tanaka speaks to the media in Maebashi, Gunma Prefecture, on Aug. 11 after she apologized to the ruling Liberal Democratic Party's Gunma prefectural chapter over a controversial speech she made during the July House of Councillors election campaign.

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Tanaka visits Gunma Pref. to apologize for campaign speech

MAEBASHI, Japan - Foreign Minister Makiko Tanaka arrives at the ruling Liberal Democratic Party's local chapter in Maebashi, Gunma Prefecture, on Aug. 11 to offer her apology over a controversial speech she made during the July House of Councillors election campaign.

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Korean youth in Hyogo Pref. vow to foster North-South harmony

KOBE, Japan - Local-chapter representatives of six youth groups of Korean residents in Japan pose after they officially launched a council of Korean youth and students in Hyogo Prefecture on Sept. 11. The groups -- four pro-Seoul organizations and two pro-Pyongyang ones -- pledged to promote ties by jointly holding events in line with their ultimate goal of seeing the Korean Peninsula reunified. The six groups agreed to meet every two months to promote ties.

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