After Northvolt, Europe’s battery path leads to China — or new tech frontiers

Fuelled by $15bn in financing, Northvolt was supposed to be Europe’s great battery success story — a homegrown champion capable of competing with Asian and American giants. So when Northvolt filed for bankruptcy last week, after months of job cuts, restructuring, and multiple failed attempts to raise more money, it dealt a massive blow to Europe’s ambitions to ramp up domestic production of lithium-ion batteries, which power everything from EVs to smartphones. In the wake of Northvolt’s precipitous fall from grace, everyone from politicians and investors to the company’s own employees has voiced their opinions on what went wrong. Among…This story continues at The Next Web

Mar 22, 2025 - 06:23

After Northvolt, Europe’s battery path leads to China — or new tech frontiers

Fuelled by $15bn in financing, Northvolt was supposed to be Europe’s great battery success story — a homegrown champion capable of competing with Asian and American giants. So when Northvolt filed for bankruptcy last week, after months of job cuts, restructuring, and multiple failed attempts to raise more money, it dealt a massive blow to Europe’s ambitions to ramp up domestic production of lithium-ion batteries, which power everything from EVs to smartphones. In the wake of Northvolt’s precipitous fall from grace, everyone from politicians and investors to the company’s own employees has voiced their opinions on what went wrong. Among…

This story continues at The Next Web