Northvolt crisis may be make or break for Europe’s EV battery ambitions
- Northvolt's bankruptcy filing in the U.S. Challenges Europe’s plans for a local battery industry for electric vehicles, as stated by the company itself.
- The company aims to compete against China and the U.S. In battery cell production, crucial for lower-emission vehicles.
- Northvolt announced in September that it would cut 1,600 jobs, representing a quarter of its workforce, due to financial difficulties and demand declines.
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Coverage Details
Total News Sources0
Leaning Left3Leaning Right2Center3Last UpdatedBias Distribution38% Left, 38% Center
Bias Distribution
- 38% of the sources lean Left, 38% of the sources are Center
38% Left
L 38%
C 37%
R 25%
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