Europe's EV battery dreams shattered: Northvolt's collapse amid rising Chinese competition

Mavis Tsai, Taipei

Mar 17, 2025, 06:50 0

Credit: Bloomberg

Northvolt, once touted as Europe's best bet to challenge Asia's grip on the EV battery market, has filed for bankruptcy in Sweden after failing to secure fresh funding. A court-appointed trustee will now oversee the sale of its assets and subsidiaries.

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