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Once Shining Star, Swedish EV Battery Maker’s Collapse Sends Ripples Across Industry

Once Shining Star, Swedish EV Battery Maker’s Collapse Sends Ripples Across Industry

Northvolt, a Swedish EV battery producer founded by former Tesla executives, has filed for bankruptcy due to a $5.8 billion debt, impacting Europe’s EV market ambitions. The company’s financial struggles were amplified by failed investor funding efforts and production challenges, including losing
March 13, 2025
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