Analysis

November 22, 2024

VW, Goldman and pension funds: Who has most on the line in Northvolt bankruptcy?

Aside from our warming planet and hopes of European resilience, the biggest losers include Volkswagen and pension funds


Freya Pratty

5 min read

Peter Carlsson, founder and CEO of Northvolt.

Swedish gigafactory maker Northvolt filed for Chapter 11 bankruptcy in the US on Thursday after months of urgently hunting for a cash lifeline. As it looks to restructure, there’s a lot of money on the line: Northvolt has raised $13bn in debt and equity and owes creditors $5.8bn.

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Freya Pratty

Freya Pratty is a senior reporter and investigations lead at Sifted. Follow her on X , LinkedIn and Bluesky

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