The Swedish battery maker filed for bankruptcy last week, dashing ambitions for the European electric vehicles sector – and leaving significant EU loans outstanding

Archived version: https://web.archive.org/web/20241125225743/https://www.euronews.com/my-europe/2024/11/25/northvolt-electric-car-battery-collapse-leaves-eu-taxpayer-on-the-hook-293m-budget-eib

SpinScore: https://spinscore.io/?url=https%3A%2F%2Fwww.euronews.com%2Fmy-europe%2F2024%2F11%2F25%2Fnorthvolt-electric-car-battery-collapse-leaves-eu-taxpayer-on-the-hook-293m-budget-eib

  • reddig33@lemmy.world
    4·
    1 month ago

    It is bizarre to me how many solar and EV-related companies have gone bankrupt considering the demand.

    • tormeh@discuss.tchncs.de
      3·
      1 month ago

      China is pumping up the sector. The level of competition is nuts. At the same time demand is lower than before…