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Wednesday, March 12, 2025

‘There was so much promise’: How Northvolt tumbled into bankruptcy

Northvolt attracted $15 BILLION of corporate and government investment to develop technology for electric vehicles to compete with China 

From the Financial Times:

The group — led by two former Tesla managers — tried to open as many as 6 factories at the same time. Current & former employees said there were problems with poor management, safety standards, & over-reliance on Chinese machinery.

Read the full article here:

'There was so much promise': How Northvolt tumbled into bankruptcy
https://on.ft.com/411hAtE

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