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Northvolt Mulls US Bankruptcy Protection – Report

  • Swedish battery maker Northvolt is reportedly considering Chapter 11 bankruptcy protection in the United States as a possible option.
  • The company has been exploring various corporate options due to ongoing financial issues.
  • Last month, Northvolt's subsidiary managing the Ett expansion project filed for bankruptcy after the factory expansion was cancelled.
  • Northvolt has faced production problems, sluggish demand for electric vehicles, and competition from China, impacting its financials.

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