Sweden’s Northvolt files for bankruptcy in blow to Europe’s battery sector
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Euronews.com
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Northvolt, a battery manufacturer, has filed for bankruptcy in Sweden, impacting Europe's battery production. The company faced numerous challenges, including rising costs, geopolitical issues, supply chain disruptions, and internal production difficulties. Previously, it sought Chapter 11 protection in the US but could not recover financially. A trustee will now manage the sale of its assets. Teljes cikk (Euronews.com)