Peter Carlsson says $1bn to $1.2bn needed to restore business touted as potential European rival to Asian firms
Business live – latest updates
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 (£800m) and $1.2bn in order to restore the business.
About Author
More Stories
Dutch climate campaigners vow to take Shell to court again
Trump announces more than $200bn of deals between US and UAE
TikTok breached EU advertising transparency laws, commission says