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Northvolt files for Chapter 11, CEO steps down

Nov 22, 2024, 5:46:21 PMArticle by Ivan Shumkov
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Swedish battery maker Northvolt AB on Thursday announced it has filed for Chapter 11 reorganisation in the US to gain access to roughly USD 245 million (EUR 235m) in new financing and said that its founder is, meanwhile, stepping aside from his role as chief executive officer.

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Northvolt files for Chapter 11, CEO steps down

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