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InsideEVs
InsideEVs
Technology

Northvolt, Hailed As Europe’s Future EV Battery Champion, Files For Bankruptcy

  • Northvolt, a Swedish-based lithium-ion battery manufacturer backed by Volkswagen Group and others, has filed for bankruptcy protection in the United States.
  • The company was hailed as one of Europe's biggest hopes against China's EV battery supremacy.
  • Northvolt's financial situation deteriorated in a matter of months.

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