Overview

• Northvolt's insolvency administrator confirmed the closure of its Skellefteå plant in Sweden by June 30, citing unsustainable operations with Scania as its sole customer.
• The German Heide battery factory project remains operational but faces uncertainty, with state legislators in Schleswig-Holstein demanding full disclosure of subsidy details.
• Northvolt has sought buyers for its remaining business units, including the already sold Gdańsk plant, as part of its broader restructuring efforts.
• Scania, Northvolt's last active customer, is reportedly considering sourcing batteries from Chinese manufacturer CATL, though this remains unconfirmed.
• The German government and Schleswig-Holstein have provided significant financial backing for the Heide project, including a €600 million KfW loan, now under review by the Federal Court of Auditors.