Sweden's Northvolt Files for Bankruptcy, in Blow to Europe's EV Ambitions

2024-11-18T081830Z_284160601_RC2J7BA15SWN_RTRMADP_3_NORTHVOLT-SWEDEN-BATTERIES
Northvolt, the Swedish maker of battery cells for electric vehicles, said on Thursday it has filed for Chapter 11 bankruptcy protection in the U.S., dealing a blow to Europe’s hopes that its most developed battery player would reduce Western car makers’ reliance on Chinese rivals.

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