According to the news agency Bloomberg, approximately 150 million euros have been secured so far through verbal agreements, according to a source.
On Monday, the battery company must pay a tax debt of 287 million kronor. If they do not do so, they risk bankruptcy, reconstruction – or personal payment liability for the board.
Yesterday, information emerged that a solution may be on the way, and according to information to Dagens industri, there is a proposal that includes both shareholders, lenders, and customers.
"Clearly, I believe we will solve this," wrote Northvolt's CEO Peter Carlsson in a comment to SVT on Thursday.
"Serious situation"
Ebba Busch (KD) stands firm on her previous statements that the state will not step in to support the company. At the same time, she says she is in direct contact with the German government to emphasize the importance of European battery production.
We are in a very serious geopolitical situation where we risk getting a situation where we prioritize defense and security issues, but do not see that much of our civilian infrastructure falls into foreign hands, she says to journalists on Friday.
Despite the looming risk of bankruptcy, Busch is cautiously optimistic.
Hope lives, she says.
Laid-off personnel
Northvolt is in a liquidity crisis, and as recently as Tuesday, the subsidiary Northvolt Ett Expansion went bankrupt with debts of several billion. The subsidiary is responsible for building a new battery factory in Skellefteå, adjacent to the existing Northvolt Ett factory.
In parallel, negotiations are also underway with the union. In September, Northvolt notified 1,600 employees of termination, of which 1,000 are in Skellefteå.
Northvolt's largest owner, Volkswagen, writes in a comment to TT that they are in close contact with the company:
"We support the industrial ramp-up of the existing production lines."
Awaiting a concrete proposal
According to information to Dagens industri, a solution will involve both shareholders, lenders, and customers – primarily Scania. In a comment, Scania writes that they are also in close contact with Northvolt.
AMF, which owns a few percent of the company's shares, states that they will evaluate potential proposals:
"If these talks result in a concrete proposal, we will evaluate it based on what we believe is best for our savers in the long term," writes the pension company's press chief Jens Söderblom.
