Information, 31 March 2025
The intensive work related to the bankruptcy has continuedly been exceptionally intense and has now resulted in the Northvolt bankruptcy estates reaching a principal agreement with the relevant stakeholders regarding financial guarantees to conduct the continued operations. This agreement will be formalized in the coming days.
The ongoing operations under the bankruptcy proceedings will involve approximately 1,700 employees from the Swedish entities currently in bankruptcy. There are additionally personnel employed by foreign subsidiaries. All other personnel will be laid off, and notifications regarding this will be issued to the affected individuals starting tomorrow.
Despite significant reductions, it is positive that the business can continue to some extent, which is likely crucial to enabling a full or partial sale of the business.
At this time, I am unable to provide any further comments on the matter. Additional information will be made available as soon as possible.
/Mikael Kubu
Information, 21 March 2025
Over the past week, the work related to the bankruptcy has been exceptionally intense. The primary focus has been on exploring the possibility and structuring the continuation of operations. This requires financial commitments from various stakeholders. Maintaining certain operations is likely crucial to enabling a full or partial sale of the business. We have made significant progress in negotiations to secure the continuation of operations within the bankruptcy framework. However, the scope of the business will be smaller than previously operated. The details regarding the extent of the operations to be maintained under the bankruptcy estate’s management will be shared with the relevant parties next week. We are hopeful that a buyer will be able to continue the business thereafter.
At this stage, we view the prospects of selling the business as a producer of battery cells as promising. Nevertheless, it is critical that the process moves swiftly to ensure a smooth transition to a new buyer capable of continuing the operations developed by Northvolt.
At this time, I am unable to provide any further comments. Additional information will be made available next week.
/Mikael Kubu
Information to affected creditors.
General information on Swedish bankruptcy proceedings in summary can be found on below links.
European e-Justice Portal - Insolvency/bankruptcy (europa.eu)
Information to affected suppliers will be published shortly.
Northvolt AB, 559015-8894
Northvolt AB entered into bankruptcy proceedings on the 12th of March 2025 after a decision from Stockholm District Court. Mikael Kubu was appointed as official receiver. For proof of appointment, see Appointment Northvolt AB.
If you are affected by the bankruptcy, please see below for information.
Notice of insolvency proceedings Northvolt AB.
Lodgement of claims Northvolt AB
If you are an employee, please refer to Information to Employees in bankruptcy 2025.
Northvolt Ett AB, 559154-7715
Northvolt Ett AB entered into bankruptcy proceedings on the 12th of March 2025 after a decision from Stockholm District Court. Mikael Kubu was appointed as official receiver. For proof of appointment, see Appointment Northvolt Ett AB.
If you are affected by the bankruptcy, please see below for information.
Notice of insolvency proceedings Northvolt Ett AB.
Lodgement of claims Northvolt Ett AB
If you are an employee, please refer to Information to Employees in bankruptcy 2025.
Northvolt Labs AB, 559144-2891
Northvolt Labs AB entered into bankruptcy proceedings on the 12th of March 2025 after a decision from Stockholm District Court. Mikael Kubu was appointed as official receiver. For proof of appointment, see Appointment Northvolt Labs AB.
If you are affected by the bankruptcy, please see below for information.
Notice of insolvency proceedings Northvolt Labs AB.
Lodgement of claims Northvolt Labs AB
If you are an employee, please refer to Information to Employees in bankruptcy 2025.
Northvolt Revolt AB, 559237-8060
Northvolt Revolt AB entered into bankruptcy proceedings on the 12th of March 2025 after a decision from Stockholm District Court. Mikael Kubu was appointed as official receiver. For proof of appointment, see Appointment Northvolt Revolt AB.
If you are affected by the bankruptcy, please see below for information.
Notice of insolvency proceedings Northvolt Revolt AB.
Lodgement of claims Northvolt Revolt AB
If you are an employee, please refer to Information to Employees in bankruptcy 2025.
Northvolt Systems AB, 559244-0282
Northvolt Systems AB entered into bankruptcy proceedings on the 12th of March 2025 after a decision from Stockholm District Court. Mikael Kubu was appointed as official receiver. For proof of appointment, see Appointment Northvolt Systems AB.
If you are affected by the bankruptcy, please see below for information.
Notice of insolvency proceedings Northvolt Systems AB.
Lodgement of claims Northvolt Systems AB
If you are an employee, please refer to Information to Employees in bankruptcy 2025.
