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European EV battery dream dashed as Northvolt files for bankruptcy

ArenaEV
The push for Europe to become a key player in the EV battery market has suffered a major setback. Northvolt, a Swedish startup once hailed as a beacon of hope against Asian battery dominance, has filed for bankruptcy in its home country. Northvolt announced it could not secure the necessary funding to continue operating in Sweden. A court-appointed trustee will… Read more…

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