Northvolt transformed in a matter of months from Europe’s best shot at a homegrown electric-vehicle battery champion to a struggling company. Northvolt, the Swedish maker of battery cells for electric vehicles, said on Thursday it has filed for Chapter 11 bankruptcy protection in the U.S., dealing a blow to Europe’s hopes that its most developed battery player would reduce Western car makers’ reliance on Chinese rivals.
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Reuters, Fast Company
Fri, 11/22/2024 - 7:45pm
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