Whereas the corporate has quickly expanded over the previous few years, considered one of Europe’s best-funded startups with greater than $10 billion in funding began displaying indicators of deep hassle when German carmaker BMW cancelled a $2 billion order in June
There had been vast hypothesis in media that crunch time for the corporate might arrive when it confronted its subsequent tax cost.
“On the query of whether or not we pays our taxes after they fall due on the 14th of October, the reply is identical as for different firms and is an easy ‘sure’,” an organization spokesperson instructed Reuters late on Thursday night.
Northvolt is because of pay a complete of 287 million Swedish crowns ($27.59 million) on Monday, the Swedish Tax Authority instructed Reuters.
Reuters reported earlier on Thursday that the corporate was in search of to promote redundant battery supplies to boost money, earlier within the week a unit of Northvolt filed for chapter and the top of its battery cell manufacturing facility in Northern Sweden was changed on Wednesday.
$1 = 10.40 Swedish crowns
(By Marie Mannes; Enhancing by Chizu Nomiyama, Daniel Wallis and Matthew Lewis)
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