Northvolt’s fall: How hubris and blunders shattered...

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2024-12-18 14:01:25

Northvolt’s fall: How hubris and blunders shattered Europe’s battery ambitions

Once hailed as Europe’s answer to CATL, Northvolt’s bankruptcy exposes the risks of poor leadership, flawed execution, and manufacturing failures—even with billions in backing. “So this is how battery cells are made.” At the end of 2018, a procurement officer from a European battery company was visiting a factory of a Chinese equipment supplier. Upon seeing the...

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