Bankruptcy Sale Features All-New EV Battery-Manufacturing Equipment
Tiger Group and Liquidity Services offer unused assets stored in Belgium and South Korea single station series vacuum glove box
SEOUL, South Korea and ANTWERP, Belgium, Feb. 11, 2025 /PRNewswire/ — On behalf of a secured creditor, Tiger Group and Liquidity Services are accepting offers on a large amount of advanced EV battery manufacturing equipment—brand-new and still in its original crates.
Originally acquired at a cost of approximately $82 million, the equipment is stored in Belgium and South Korea. It comes from Northvolt Group subsidiary Northvolt Ett Expansion AB. The division had been managing construction of an EV battery plant that was suspended as part of its parent company’s rescoping of Swedish operations.
Chad Farrell, Managing Director, Tiger Commercial & Industrial, said :
This advanced, high-quality equipment—much of it manufactured in South Korea by SLA, WuXi, Creative and Innovative Systems [CIS] and Sejong Technology—is in perfect condition,
“We are already receiving strong interest from EV battery manufacturers that are looking to build new plants as well as owners and operators of existing facilities.”
Nick Taylor, SVP & Managing Director of the Capital Assets Group at Liquidity Services,added :
This sale represents an extraordinary opportunity for companies in Europe, Asia and beyond,”
“It is rare to see this much brand-new EV manufacturing equipment become available at liquidation values.”
The liquidation is one of many to occur in the green/sustainable sector in recent months, Farrell noted.
It is not only electric vehicle and battery companies, but also ‘green’ packaging makers, experimental food producers, solar specialists and others,
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