Emeritus Prof Christopher May on Nostr: Looks like the end for Northvolt, the Swedish hope for expansion of European battery ...

Looks like the end for Northvolt, the Swedish hope for expansion of European battery production.... confronted with production & management problems, and the withdrawal of a major BMW contract, it looks like the firm will be entering insolvency in the next days/weeks...

This will leave most auto-manufactures continuing to be dependent on non-EU supplies of batteries for electric vehicles, seen by the EU as a strategic problem.

Will another start-up try to fill that space?

#batteries
h/t FT