Lessons from the failure of Northvolt
Governments blew billions on a battery champion. Time to welcome foreign investors instead
It was supposed to be a battery pioneer, a symbol of European competitiveness and an example of industrial policy done right. Yet on November 21st Northvolt, Europe’s best-funded startup, filed for bankruptcy. A day later its boss and founder, Peter Carlsson, announced his resignation. What went wrong?
This article appeared in the Leaders section of the print edition under the headline “Lessons from Northvolt’s failure”
From the November 30th 2024 edition
Discover stories from this section and more in the list of contents
Explore the editionDiscover more
How to make a success of peace talks with Vladimir Putin
The key is robust security guarantees for Ukrainians
Javier Milei: “My contempt for the state is infinite”
Argentina’s president is idolised by the Trumpian right. They should get to know him better
Tariff threats will do harm, even if Donald Trump does not impose them
The risk of a trade war is uncomfortably high
Peace in Lebanon is just a start
Donald Trump must build on Joe Biden’s belated success
From Nixon to China, to Trump to Tehran
Iran is weak. For America’s next president that creates an opportunity
Too many master’s courses are expensive and flaky
Governments should help postgraduates get a better deal