Northvolt Is Said to Push Back Sweden IPO to Next Year (1)

Northvolt AB aims to list its shares in Sweden next year after the battery maker previously guided that an initial public offering could happen in 2024, according to a person familiar with the matter.

The Swedish manufacturer, founded by two former Tesla Inc.managers, is seen as central to European efforts to establish an electric-vehicle supply chain that can rival Asia and the US. The IPO would mark the next financial milestone for the company, which has raised more than $13 billion in debt and equity.

“For companies of this scale, it’s natural to sooner or later want to access ...