Northvolt, Hailed As Europe’s Future EV Battery Champion, Files For Bankruptcy

🔋 Northvolt, once hailed as Europe's EV battery champion and a key player against China's dominance, has filed for Chapter 11 bankruptcy in the U.S. Despite raising billions and delivering on initial promises, the Swedish-based battery maker faces mounting debt and liquidity challenges. With only $30 million in cash and $5.8 billion in liabilities, the company is restructuring to continue limited operations.
Backed by Volkswagen and previously supported by BMW, Northvolt aimed to revolutionize European battery manufacturing with its gigafactories in Sweden and Poland. But what went wrong? Will the company recover, or does this signal a broader crisis for Europe’s battery ambitions?
Join us as we explore Northvolt’s rise, fall, and uncertain future in the EV battery industry.
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