Northvolt’s Carlsson Said Swedish Restructuring May Happen: SVT

“It may be that we follow this process with a Swedish restructuring, but we have not made a decision about that,” Northvolt’s outgoing CEO Peter Carlsson tells broadcaster SVT on Sunday night, after company announced it would file for Chapter 11 on Thursday last week.

• Speaking on the broadcaster’s Agenda program, Carlsson says the legal process in Sweden “would perhaps happen in a month or two”
• “We misjudged the complexity of setting up such a large factory, bringing in so many new staff and the fact that this equipment we brought in was new,” he says
• “Making a battery ...