Ailing Swedish EV battery firm Northvolt files for bankruptcy

• 

  EV battery startup Northvolt files for bankruptcy in Sweden

  Swedish firm unable to ‘secure the necessary financial conditions to continue in its current form’. Northvolt, the Swedish electric vehicle battery startup, has filed for bankruptcy in Sweden, ...
  
  The Guardian - Mar. 12
• 

  Northvolt files for bankruptcy in Sweden

  Collapse of vehicle battery maker deals major blow to Europe’s bid to rival China
  
  Financial Times - Mar. 12
• 

  Swedish Battery Maker Northvolt Collapses, a Blow to Europe

  The company and its assets will be sold after it filed for bankruptcy in Sweden, sinking Europe’s best hope for competing against Asian rivals.
  
  The New York Times - Mar. 12
• 

  Forever 21 Operator Files for Bankruptcy

  The company, which helped popularize fast fashion in the United States, has struggled to compete with online retailers. It is the company’s second bankruptcy filing in six years.
  
  The New York Times - 5d

• Northvolt’s fate teaches Europe a lesson: stick to what you’re good at

  Bankruptcy dashes hope that a European EV battery maker could be capable of denting market dominance of Asian rivals
  
  Financial Times - Mar. 12

• Chinese battery giant CATL posts annual revenue drop ahead of Hong Kong listing

  The world's largest electric-vehicle battery maker has filed for a listing in Hong Kong, without disclosing the exact size and timeline.
  
  CNBC - Mar. 14

• Boss of bankrupt Northvolt urges Europe to invest in homegrown battery sector

  Industry executives criticise ‘strategic failure’ by Swedish government and Brussels for allowing start-up to fail
  
  Financial Times - Mar. 13
• 

  Mall staple Forever 21 files for bankruptcy protection, again

  Forever 21 has filed for bankruptcy protection for a second time as traffic in U.S. shopping malls fades and competition from online retailers like Amazon, Temu and Shein intensifies
  
  ABC News - 5d

• Lights out at Northvolt

  The collapse of the battery maker hurts Europe’s bid to rival China
  
  Financial Times - Mar. 13

More from CNBC

• Crypto's long battle with SEC comes to a close with Ripple victory

  Ripple said this week that the SEC had officially dropped its four-year-old lawsuit against the company, ending a long battle between the regulator and crypto.
  
  CNBC - 1h

• Trump says 'there'll be flexibility' on reciprocal tariffs

  President Donald Trump has issued a flurry of tariff announcements since retaking the White House, fanning investor uncertainty and fears of a major trade war.
  
  CNBC - 18h

• Heathrow Airport reopens after nearby fire — but travellers told to expect delays

  British Airways said it expects around 85% of its Saturday Heathrow schedule to run as planned, but warned customers to expect delays.
  
  CNBC - 2h

• Microsoft rallies in last 10 minutes of trading to avoid first eight-week losing streak since 2008

  Microsoft faces competition in cloud computing from companies such as Google, which is looking to boost its security business with Wiz.
  
  CNBC - 14h

• Elon Musk tells Tesla employees 'hang onto your stock,' urges vandals to 'stop being psycho'

  In an all-hands livestreamed meeting on Thursday night, Tesla CEO Elon Musk commented on some of protests and instances of vandalism the company has faced.
  
  CNBC - 15h

More in Business

• 

  Heathrow reopens after blaze but airlines warn of more disruption

  Airport chief says he is ‘proud’ of response as flights are cancelled because planes and crews are in the wrong place
  
  Financial Times - 1h

• Crypto's long battle with SEC comes to a close with Ripple victory

  Ripple said this week that the SEC had officially dropped its four-year-old lawsuit against the company, ending a long battle between the regulator and crypto.
  
  CNBC - 1h
• 

  6 Ways to Harness AI When You Write

  AI is a fabulous tool for business writers, but it’s only effective if you know how to use it to create engaging and impactful content.
  
  Inc. - 1h
• 

  Mark Cuban on AI: What Small-Business Owners Must Do to Stay Competitive

  The billionaire entrepreneur shares how artificial intelligence is disrupting jobs and reshaping small-business strategies.
  
  Inc. - 1h
• 

  Flights Resume at Heathrow After Substation Fire Shut Down Airport

  The blaze forced Britain’s largest airport to cancel or divert more than 1,000 flights on Friday and removed a linchpin of global air travel. Counterterrorism police were investigating the cause of ...
  
  The New York Times - 2h