Goldman Sachs Asset Management is considering teaming up with other investors to rescue the troubled Northvolt. Northvolt has been struggling for weeks to secure a cash injection to address its liquidity crisis, having already laid off employees and scaled back projects to focus on increasing battery production at its factories. Goldman Sachs' involvement is expected to drive fundraising and encourage other investors to join, but the rescue effort is fraught with challenges due to the complex interests of various parties.

Volkswagen, as the largest shareholder, has expressed willingness to help increase battery cell production but has not provided details. Northvolt's CEO and co-founder has pledged to provide new funding, and the company may also receive funds from its founders and two Swedish pension funds. Since its founding in 2017, Northvolt has raised approximately €9.2 billion in debt and equity, but its aggressive development strategy has led to numerous operational hurdles.