US EditionEV battery maker Northvolt failed after blowing through $15 billion. This US rival thinks it won't suffer the same fate.
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EV battery maker Northvolt failed after blowing through $15 billion. This US rival thinks it won't suffer the same fate.
A Northvolt EV battery.JONATHAN NACKSTRAND/AFP/Getty ImagesNorthvolt's $15 billion collapse shook the cleantech industry.Its bankruptcy highlights risks in ambitious electric vehicle battery production.Rival Redwood Materials is taking a different approach. Here are the main distinctions.When Northvolt went bankrupt, it sent shockwaves through the cleantech industry.Backed by big names such as Goldman Sachs and BlackRock, the Swedish startup had…
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