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    Home > Headlines > EU support could help Northvolt attract new owner, Sweden says
    Headlines

    EU support could help Northvolt attract new owner, Sweden says

    Published by Global Banking & Finance Review®

    Posted on March 17, 2025

    1 min read

    Last updated: January 24, 2026

    EU support could help Northvolt attract new owner, Sweden says - Headlines news and analysis from Global Banking & Finance Review
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    Quick Summary

    The EU might adjust funding rules to help bankrupt Northvolt attract a new owner, says Sweden's deputy PM, impacting Europe's battery industry.

    EU Support Could Assist Northvolt in Finding New Owner

    PARIS (Reuters) - The European Union should amend its clean-tech funding rules to allow bankrupt Swedish battery cell maker Northvolt to access support that could help it attract a potential new owner, Sweden's deputy prime minister told Reuters on Monday.

    Electric vehicle battery maker Northvolt said last week it had filed for bankruptcy in Sweden, marking one of the country's largest corporate failures and upending Europe's best hope of developing a rival to challenge China.

    (Reporting by Kate Abnett, editing by GV De Clercq)

    Key Takeaways

    • •The EU may amend clean-tech funding rules.
    • •Northvolt has filed for bankruptcy in Sweden.
    • •Sweden's deputy PM suggests EU support could help.
    • •Northvolt's failure impacts Europe's battery industry.
    • •Potential new ownership could revive Northvolt.

    Frequently Asked Questions about EU support could help Northvolt attract new owner, Sweden says

    1What is the main topic?

    The article discusses the potential for EU support to help bankrupt Northvolt attract a new owner.

    2Why is Northvolt significant?

    Northvolt was seen as Europe's best hope to rival China's battery industry before filing for bankruptcy.

    3What changes are being suggested?

    Sweden's deputy PM suggests the EU amend clean-tech funding rules to support Northvolt.

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