Northvolt Ett Expansion filed for bankruptcy. It is a direct consequence of Northvolt’s reshaping

Northvolt points out that "Ett Expansion AB is one of over 20 different entities within the Northvolt Group and the application for bankruptcy does not relate to any of the other legal entities in the wider Northvolt Group".

By segreteria

Northvolt Ett Expansion, a subsidiary of Northvolt, has filed for bankruptcy in Sweden. Such decision follows the suspension of the expansion project announced a few weeks ago. The company has “no direct employees and is managing the construction project”, as stated in Northvolt’s press release.

Northvolt Ett Expansion: one of the over 20 entities within the Group

All contacts with Ett Expansion AB will from now on be managed by the bankruptcy trustee. Northvolt Group continues to be in dialogue with stakeholders for continued cooperation within Northvolt Group’s ongoing operations.

The Swedish group also points out that “Ett Expansion AB is one of over 20 different entities within the Northvolt Group and the application for bankruptcy does not relate to any of the other legal entities in the wider Northvolt Group”.

Highlights

Related articles

DAF celebrates 60 years of truck production in Westerlo, Belgium

DAF Trucks Vlaanderen started its activity in 1966, in Westerlo, with the production of truck cabs has grown into an ultramodern factory for both cabs and axles. Today, the axles and cabs of the newest DAF electric truck range are also produced in Westerlo.
News