Industry Value Chain
Cover and introductionp.1
IndustryOverviewp.5
IndustryNotable Eventsp.7
IndustryIndustry Value Chainp.21
IndustryFinancep.50
IndustryCostsp.68
IndustryCell & Pack Manufacturingp.83
IndustryApplicationsp.127
IndustryApplications: EVp.130
IndustryApplications: Stationary Energy Storagep.182
IndustryApplications: Data Centersp.233
IndustryApplications: Aviation, Drones, Spacep.243
IndustryApplications: Roboticsp.256
IndustryApplications: Otherp.264
IndustrySafetyp.266
IndustryCell Design and Materialsp.282
IndustryCell Design and Materials: Li-Ionp.297
IndustryCell Design and Materials: Lithium Sulfurp.360
IndustryCell Design and Materials: Solid-Statep.367
IndustryCell Design and Materials: Sodium-Ionp.387
IndustryCell Design and Materials: Alternative Chemistriesp.397
IndustrySupply Chain: Upstream and Midstreamp.419
IndustrySupply Chain: Recycling & Secondary Marketsp.439
IndustrySoftware / AIp.455
ChinaOverviewp.486
ChinaHistoryp.489
ChinaPolicy Landscapep.498
ChinaTalent & Ecosystem Maturityp.505
ChinaCapitalp.510
ChinaSupply Chainp.518
ChinaTechnology Innovationp.536
AcademiaOverviewp.552
AcademiaResearch Trendsp.555
AcademiaSeminal Literaturep.560
AcademiaFundamentalsp.571
AcademiaLithium-Ionp.575
AcademiaSolid State Batteriesp.594
AcademiaBattery Degradation and Performancep.605
AcademiaNew / Alternative Chemistriesp.618
AcademiaFast Charging & Extreme Fast Chargingp.630
AcademiaArtificial Intelligence and Machine Learningp.632
AcademiaBattery Management System (BMS)p.638
AcademiaRecyclingp.642
AcademiaBattery Safetyp.649
TalentOverviewp.653
TalentWorkforce Landscapep.657
TalentEmerging Trendsp.662
TalentPolicy & Immigrationp.668
TalentCompensation & Benefitsp.675
TalentIndustry Sentimentp.680
TalentSkills & Training Gapsp.687
TalentEducational Developmentp.692
TalentWorkforce Researchp.698
TalentAccess & Advancementp.702
PolicyNorth Americap.706
PolicyEuropep.724
PolicyAsiap.731
PolicyLegalp.737
CommunityConferencesp.755
PredictionsThe Next 12 Monthsp.760
Closing pagesp.762
Industry Value Chain
Page 41 of 768Directory profiles (6)
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.