Northvolt, a Swedish electric vehicle battery manufacturer, is seeking financial rescue after declaring bankruptcy in November. The situation highlights the fragility of the European EV industry, particularly as China dominates the market with strategic investments. Europe must secure access to rare earth materials and build partnerships with resource-rich nations like Mongolia to remain competitive against China's influence. The geopolitical landscape, especially regarding Ukraine, will significantly impact Europe's ability to achieve its green economy goals and strategic autonomy. Teljes cikk (Euronews.com)