After Northvolt’s failure, who will make Europe’s EV batteries?
The continent looks ever more reliant on Asian producers
FEW European startups have attracted as much attention—and none as much capital—as Northvolt. On November 21st the Swedish maker of batteries for electric vehicles (EVs), and a would-be European champion, went bankrupt, having raised $15bn from governments and investors. Its boss, Peter Carlsson, resigned shortly after.
This article appeared in the Business section of the print edition under the headline “After Northvolt”
Business November 30th 2024
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