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 ...
Battery champion became a symbol of Europe’s ambitions and then its failings on its way to Chapter 11 proceedings ...
Northvolt, the Swedish maker of battery cells for electric vehicles, filed for Chapter 11 bankruptcy protection in the United ...
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