Peter Carlsson, who co-founded Northvolt and led the firm since its inception in 2016, will step aside to take on a role as senior advisor, the company said.He remains a member of Northvolt's board.

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Peter Carlsson, who co-founded Northvolt and led the firm since its inception in 2016, will step aside to take on a role as senior advisor, the company said.He remains a member of Northvolt's board.

The chief executive of Northvolt stepped down on Friday, shortly after the Swedish battery maker filed for Chapter 11 bankruptcy protection in the U.S.