Northvolt faces financial crisis as Volkswagen and Goldman Sachs hesitate to invest

The statement follows reports that Volkswagen and Goldman Sachs are hesitant to inject new capital into Northvolt, a battery company. According to information, Northvolt has been working on a new issue aimed at raising approximately 7.5 billion Swedish kronor.

On Monday, Prime Minister Ulf Kristersson addressed Northvolt’s financial situation, underscoring the company’s challenges. He acknowledged that there is no doubt about Sweden’s commitment to being a favorable location for the new technology essential for the green transition. However, he firmly stated that it is not currently an option for the Swedish state to become a co-owner of Northvolt.

The situation has escalated to a financial crisis for the company. Experts predict that Northvolt may face reconstruction as early as tomorrow, indicating the urgency of addressing its financial situation.

Northvolt’s recent reports suggest that the company is nearing the end of its financial resources, highlighting the severity of its current predicament. The situation is sensitive and critical, placing substantial pressure on Northvolt’s operations and future viability.

As the developments unfold, the company’s ability to secure new investments remains crucial for its survival amid growing concerns about its financial health.