The Globe and Mail reports in its Wednesday, Oct. 9, edition that a subsidiary of Northvolt, based in Sweden, filed for bankruptcy on Tuesday after the project it was working on was cancelled, according to court filings. A Reuters dispatch to The Globe reports that the rest of the cash-strapped battery-making group is continuing to consolidate operations. The Northvolt Ett Expansion AB unit had debts estimated at between $264-million and $396-million, as reported by the court-appointed bankruptcy trustee to the business daily Dagens Industri. This unit was responsible for a planned tripling of capacity at the group's gigafactory in northern Sweden, but the company's board cancelled the project last month. Tuesday's bankruptcy filing had no impact on any of the Northvolt Group's other businesses, a spokesman said. Northvolt said in September it would slim down and cut jobs, sparking fears that Europe's best shot at a homegrown electric-vehicle battery champion may stall because of production problems, sluggish demand and competition from China. Northvolt has previously received more than $10-billion in equity and debt financing from players including Volkswagen, Goldman Sachs and BlackRock, filings show.