Northvolt bankruptcy dents European battery industry ambitions
Northvolt’s ambition was to challenge the dominance of Asian battery makers, such as CATL and BYD in China. The company launched in 2016 with the idea of tapping cheap renewable energy to build lithium-ion batteries for electric vehicles (EVs). It promised 90% less CO 2 emissions compared to cells made using coal power by 2030.
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Green industrial policy is failing in Europe, a warning to the next Trump Administration.
Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars, ...
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Volkswagen writes down Northvolt stake following bankruptcy filingVolkswagen has substantially written down its 21% stake in Northvolt, a Swedish battery cell manufacturer, following the ...
The Swedish battery maker filed for bankruptcy last week, dashing ambitions for the European electric vehicles sector – and ...
Volkswagen , Northvolt's top shareholder, has significantly written down its 21% stake in the Swedish battery cells maker ...
Volkswage has significantly written down its 21% stake in Northvolt that filed for bankruptcy protection in the U.S. last ...
"Northvolt reportedly exploring US bankruptcy protection" was originally created and published by Just Auto, a GlobalData ...
Sweden's Northvolt, previously Europe's promising electric-vehicle battery producer, seeks U.S. Chapter 11 bankruptcy ...
Northvolt's CEO and co-founder Peter Carlsson stepped down on Friday, a day after Europe's biggest hope for an electric ...
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