Northvolt AB (in restructuring / receivership)

GLEIF (LEI 549300517DEJS8P07539, checked 2026-08-24) shows Northvolt AB's registration LAPSED — consistent with bankruptcy — and no parent ever reported, consistent with its pre-bankruptcy widely-held VC/strategic cap table (no single controlling shareholder). Corrected on this pass: the dossier body previously treated Skellefteå + Saint-Basile-le-Grand disposition as a live three-way decision (Korean Tier-1 vs. Swedish-led vehicle vs. PRC-affiliated bidder). That framing is stale — Lyten (a US company, not one of the three named options) has in fact acquired or is under exclusive MoU for essentially every viable remaining asset (Cuberg, Skellefteå/Ett+Labs, Revolt Ett recycling, Drei/Heide), and Quebec's Saint-Basile-le-Grand project was declared dead by the Quebec government in Sep 2025, before this dossier's last_refreshed date. See corrections inline below and in 'What they did / what remains.'

Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 1 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.

Every exposure is read as a buyer dependency; the top 3 are its binding chokepoints.

As a buyer, policy pressure across its consumed materials is coverage-limited.

Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.

🇪🇺 EU accounts for 88% of severity-weighted pressure.