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Northvolt collapse leaves EU taxpayer on hook for €293m
Northvolt collapse leaves EU taxpayer on the hook for €293m
The Swedish battery maker filed for bankruptcy last week, dashing ambitions for the European electric vehicles sector – and leaving significant EU loans outstanding View on euronews
Northvolt's Collapse: A Setback for Europe’s Green Revolution?
Some of the company's $5.84 billion debt is owed to the EU. On the programme, we examine the collapse of Swedish battery maker Northvolt, a key player in Europe's push for green energy and electric vehicles. What caused its downfall, and is there any future for the firm or Europe’s electric vision?
Northvolt's bankruptcy: The end of Europe's electric dream?
It was Europe's flagship battery production. At least, it wanted to be. The Swedish company Northvolt was placed under bankruptcy protection. The dream thus becomes a nightmare. Founded in 2015 by former Tesla executives and renamed Northvolt in 2017,
5d
Northvolt Collapse Countdown Started With BMW Pullback
For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse ...
22h
Beyond Northvolt bankruptcy, a story of the West struggling China tightening its grip on EV, clean tech markets
Northvolt’s story isn’t just about the big bucks of its big backers. It has doled out some important lessons about what’s ...
5d
Northvolt collapse countdown started with BMW order cancellation
For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse ...
Euro Weekly News
1d
Northvolt bankruptcy- Who foots the bill?
Northvolt AB declared bankruptcy last week, leaving EU taxpayers potentially holding the bag for a staggering €293 million.
Bloomberg L.P.
1d
Battery Maker Morrow Calls for Clarity on Make-or-Break Loan
Norway’s Morrow Batteries AS is facing an existential crisis as it awaits approval of government funds vital to attracting ...
3d
Northvolt crisis may be make or break for Europe's EV battery ambitions
Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars, ...
5d
Northvolt’s Collapse Countdown Started With BMW Pulling the Plug
For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse ...
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