Quebec wants judge to declare Northvolt branch insolvent

Open this photo in gallery: The Quebec government says Northvolt owes more than $260-million on a government loan and wants to withdraw nearly $200-million from frozen accounts to pay down the debt.Christinne Muschi/The Canadian Press The Quebec government wants a judge to declare insolvent the North American branch of Swedish battery manufacturer Northvolt, as the…

Quebec wants court to declare branch of Swedish battery developer Northvolt insolvent

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Dutch e-bike and fatbike company Voltes declared bankrupt

Voltes B.V., a Dutch company specializing in e-bikes, fatbikes, electric scooters, and hoverboards, was declared bankrupt last week by the court in Noord-Holland, according to Bright.nl. Founded in 2017, Voltes quickly gained recognition in the electric mobility market. Initial growth extended beyond the Netherlands, but increasing competition and shrinking profit margins eventually strained the company.…