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"https://techcrunch.com/2024/11/25/volkswagen-slashes-the-value-of-its-stake-in-northvolt-the-beleaguered-battery-manufacturer/"
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"Volkswagen slashes the value of its stake in Northvolt, the beleaguered battery manufacturer"
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"Northvolt, a Swedish battery manufacturer, has written down its assets throughout the current fiscal year as the situation at the company has deteriorated. The write downs are a result of the company's struggles to meet its production targets and manage its finances. This development is a significant setback for Northvolt, which had previously received significant investments and had been seen as a promising player in the battery industry."
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