Sweden

Sweden Investigates Mysterious Ship Tied to Undersea Cable Breaches

25 days ago

In a developing story, Swedish authorities have issued a request for a ship suspected of links to breaches of critical undersea cables to approach its territorial waters. This unexpected move has sparked widespread concerns and scrutiny over the integrity of Europe’s digital infrastructure.

Sweden Observes from the Sidelines as Northvolt Faces Crucial Survival Challenges

1 month ago

As the electric vehicle (EV) market continues to expand at a rapid pace, Swedish battery manufacturer Northvolt finds itself in a precarious position, struggling to secure the necessary financing to keep operations afloat. Sweden, a key player in Europe's renewable energy transition, has opted not to intervene directly in Northvolt's ongoing challenges, a decision that raises questions about the future of one of the continent's most ambitious battery projects.

Sweden's Shocking Shooting Targets Israeli Defense Firm Elbit

2 months ago

In a shocking incident that has raised security concerns worldwide, the Stockholm police have reported a shooting that specifically targeted the Israeli defense contractor, Elbit Systems. The attack occurred on the evening of October 10, 2024, when unknown assailants unleashed gunfire at a company facility located in southern Stockholm. Fortunately, there were no injuries reported, but this incident marks a significant escalation in tensions surrounding the operations of defense companies in the region.

Northvolt's Swedish Expansion Halted as Its American Unit Files for Bankruptcy

3 months ago

In a significant development for the electric vehicle industry, Northvolt, a prominent battery manufacturer, has encountered severe setbacks. The company’s U.S. subsidiary, Northvolt Ett, has filed for bankruptcy protection, leading to an immediate suspension of plans for a major expansion in Sweden. This decision marks a troubling chapter for one of Europe’s key players in the race to supply the growing demand for electric vehicle batteries.

Northvolt CEO Steps Up to Support New Financing Round Amid Growing EV Market

3 months ago

A recent report by Svenska Dagbladet, Northvolt AB's CEO Peter Carlsson intends to back the company's upcoming financing round. This is at a very critical juncture for the Swedish battery manufacturer, amid the surge in demand for EV batteries across the globe.