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Northvolt CEO resigns as Europe’s big hope for a battery champion files for bankruptcy

  • Northvolt CEO Peter Carlsson announced he is stepping down today, November 22, after leading the company for eight years.
  • The company filed for Chapter 11 restructuring in the US, allowing it to reorganize and maintain operations.
  • Northvolt's bankruptcy indicates poor execution rather than lower demand for EVs, as suggested by industry insights.
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EuropeEurope
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