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

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

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  • reddig33@lemmy.world
    4·
    29 days ago

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

    • tormeh
      3·
      29 days ago

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