From Behind the Money: Why Northvolt Failed to Become Europe’s Battery Champion
Slate Money
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Northvolt's Ambitions and Setbacks
This chapter explores Northvolt's rapid growth and ambitious plans for battery manufacturing across Europe and North America, juxtaposed with tragic incidents that raise safety concerns. It highlights the company's struggle with production challenges and contract cancellations, especially from major clients like BMW, amid a declining demand for electric vehicles. The narrative delves into the internal management issues and the urgent need for financial support as Northvolt navigates a tumultuous path toward sustainability and operational viability.
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