Directory profiles · Battery Business Directory
Organizations mentioned or cited on this 2025 report page. A historical mention does not establish current products, availability or endorsement.
Sources and links on page 41 (4)
Links embedded in the original report PDF, including citations and other references. These destinations have not been independently reviewed. Links open in a new tab.
- https://www.taxpayer.com/newsroom/northvolt-bankruptcy-ominous-sign-for-politicians%E2%80%99-ev-gamble
- https://www.cbc.ca/news/canada/montreal/northvolt-quebec-end-1.7623155
- https://ioplus.nl/en/posts/us-firm-lyten-buys-bankrupt-northvolt-eyes-2026-restart
- https://www.reuters.com/business/finance/northvolt-ramped-up-production-quality-batteries-before-halting-operations-2025-08-08/?utm_source=chatgpt.com
Text on page 41
Unable to Secure Financing at the ‘Eleventh Hour’ Northvolt officially filed for bankruptcy in March 2025, which had wide reaching implications for the European and North American battery industries. Before the complete shutdown, production capacity at Northvolt’s primary Skellefteå plant was only 30k battery cells per week and hampered by inconsistent cell quality. This production rate was not enough to service debt.
Ett Construction
After failing to secure a buyer as the risk profile was too high, Northvolt was ordered to wind down in June 2025: Six
Aurora Cuberg
Revolt
Recycling Program NV Launched
A $5.8 billion debt burden with only $30 million in cash on hand → Assets were only valued at $250 million compared to a $12 billion valuation in 2022
Lyten acquired core assets in Europe and IP; Volvo took full ownership of NOVO Energy; Norsk Hydro took full ownership of Hydrovolt (recycling)
Plans to build a 60GWh plant in Canada ceased in September when the Quebec government pulled future funding after their new plan was rejected
Lyten is planning to restart production lines at Northvolt Ett and Västerås in Sweden as operations achieved over 90% efficiency before closure
Sodium-Ion NOVO
Battery Systems
3 Factories In Development
Hydrovolt
Fem Drei
Ett Production Delay First Cell
Explosion at Ett Factory
BMW €2B Order Cancelled
First Customer Delivery
*No revenue or cash flow figures reported after 2023
Source: Volta Battery Report 2024; Company announcements
Extracted from the PDF; charts and images may read imperfectly.
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