Northvolt, the Swedish manufacturer of batteries for electric cars, has filed for bankruptcy after financial problems.
Bianca Ciurea
Economy
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<p>The company had previously sought to raise funds by filing for Chapter 11 bankruptcy protection in the United States. Northvolt has struggled to obtain the funding needed to continue its business, despite attempts to attract new investors. The battery maker was seen as a great hope for Europe in the competition with large Chinese manufacturers in the electric vehicle battery industry.
Sources
Cel mai mare producător de baterii din Europa e în faliment. Northvolt n-a găsit noi investitori
Battery maker Northvolt files for bankruptcy in Sweden
Dezastru în industria auto europeană: Northvolt, cel mai mare producător de baterii din Europa, a cedat şi a intrat în faliment
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