Northvolt crisis may be make or break for Europe's EV battery ambitions
Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars, stirring a debate about whether it needs to do more to attract investment as startups struggle to catch up with Chinese rivals.
Northvolt has struggled to boost production at its Swedish battery factory and recently announced 1,600 layoffs amid weak ...
Northvolt said the reorganization would help it access approximately ... The Stockholm-based business has long been ...
In late June, Volkswagen — which owns 23% of Northvolt — was prepared to step in, this person said. A representative for VW ...
Swedish battery manufacturer Northvolt has filed for bankruptcy, dashing Europeans' hopes for local battery production and ...
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