Source: Financial Times [UK]
“Battery maker Northvolt has filed for bankruptcy in Sweden, capping the downfall of a company once regarded as Europe’s best hope of competing in an industry dominated by China. The Swedish industrial start-up, backed by the likes of Volkswagen, Goldman Sachs and BlackRock, said on Wednesday that it had been unable to secure financing to continue and a court-appointed trustee would now sell off its assets.” (03/12/25)