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Europe Fails to Affect China’s Battery Dominance

Summary by IER
Northvolt, an electric vehicle (EV) battery maker that was once one of Europe’s best-funded start-ups, filed for bankruptcy in its home country, Sweden. The company had contributed 76 gigawatt hours to the region’s gigafactory pipeline. Its failure reduces European-owned cell production capacity to 30% of Europe’s 2030 pipeline, benefiting Asian producers and raising doubts about the viability of Europe’s own battery sector. The company, which a…

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Europe Fails to Affect China’s Battery Dominance

Northvolt, an electric vehicle (EV) battery maker that was once one of Europe’s best-funded start-ups, filed for bankruptcy in its home country, Sweden. The company had contributed 76 gigawatt hours to the region’s gigafactory pipeline. Its failure reduces European-owned cell production capacity to 30% of Europe’s 2030 pipeline, benefiting Asian producers and raising doubts about the viability of Europe’s own battery sector. The company, which a…

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Sweden calls on Brussels to help save the Northvolt battery manufacturer, the great European hope for China

Sweden's Deputy Prime Minister, Ebba Busch, has asked the European Commission to provide financial support to the Northvolt battery manufacturer, who was declared bankrupt a few days ago.

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avisa-st.noavisa-st.no

(+) The battery bankruptcy in Sweden: - It hasn't made it easier

In 2023, a delegation from Orkland Municipality traveled to Skellefteå on a study trip. Now the site's gigantic battery factory is bankrupt.

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avisa-st.no broke the news in on Thursday, March 20, 2025.
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