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.
Despite filing for bankruptcy protection in the United States, Northvolt is moving forward with the construction of its plant ...
Northvolt AB has filed for bankruptcy protection in the United States, but said the move will not jeopardize the manufacturer’s planned electric vehicle battery plant in Quebec—though hundreds of ...
Africanews English on MSN3d
Northvolt collapse leaves EU taxpayer on the hook for €293mThe collapse of Swedish battery maker Northvolt AB has left a hole in the EU's ambitions for electric vehicle success – ...
Northvolt's CEO and co-founder Peter Carlsson stepped down on Friday, a day after Europe's biggest hope for an electric ...
DPA International on MSN4d
German minister 'cautiously optimistic' about battery firm NorthvoltGerman Economy Minister Robert Habeck expressed cautious optimism about the future of financially troubled Swedish electric ...
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