Why Northvolt failed to become Europe’s battery champion
Behind the Money
The Rise and Fall of Northvolt
This chapter examines Northvolt's journey from a promising Swedish startup aspiring to lead Europe's battery production to its struggle for survival and eventual bankruptcy. It discusses the broader impacts of its challenges on the European automotive industry, emphasizing the need for local battery manufacturing amid Asian dominance. Additionally, the chapter highlights key milestones, setbacks, and the urgent need for a sustainable and safe operational strategy in the green transition.
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