Goodbye 10 Billion Euros and Ridiculous of Europe: Bankruptcy of the Battery Factory for the Electric Car that Wanted to Eliminate the Dependence of China

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The Northvolt plant only operated at 1%, unable to control the supply chain. It continued to rely on China for raw materials and underestimated the strength of Asian companies.

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Factuality

Ownership

This ambitious project for the transition to electric mobility in Europe has come up against the harsh reality of the market: Northvolt is now in turmoil after a series of failures. Northvolt: an ambitious Northvolt project, it is the history of an industrial dream that has faded: that of building Europe's first large battery plant for electric vehicles. Behind this project, the idea was to reduce the dependence of the Old Continent on China, wh…