The Federal Ministry of Economics has published the expert opinion of the advisory company PWC on the economic situation of the Swedish battery manufacturer Northvolt. The documented document of June 15, 2023 was part of the dpa news agency. At first the “Bild” newspaper had reported. On the basis of the report, the federal government and the state of Schleswig-Holstein decided to promote the now insolvent company through a change in the change of 600 million euros for a settlement in Heide. It can be seen from the document that the examiners considered a reduction in the convertible bond, including interest, as “plausible”. They also assessed the sales potential for the battery cells produced by Northvolt as high. Hohe’s risk for capital generals also showed the report that the company was dependent on external investors in order to cover the expenditure. However, the examiners attributed it to the early project phase in 2023 that “no capital providers are yet certain”. However, debtors would have an increased risk of failure, since these were dependent on the production situations in the individual factories, as construction in Schleswig-Holstein started in March 2024, the hopes in the structurally weak region were high. At a record pace, the leaf turned, Northvolt ranked with increasing debts, had to relieve thousands of workers in Sweden, to put expansion plans on hold and temporarily slip under creditor protection in the United States, and more on the subject of Northvolt on March 12, 2025 in Sweden reported bankruptcy. It remains unclear how the factory near Heide is going on and how expensive the bankruptcy for Germany and Schleswig-Holstein will end up. Northvolt has received around 600 million euros from the State Funding Bank KfW for the planned factory building near Heide. The federal and state governments took half of the convertible bond. In addition, there were 20 million euros for interest and procedural costs.
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