72 place 0

852 The Electric: Northvolt’s Setback Points to a Broader Threat to EV and Battery Startups

The Information
Steve LeVine @ The Information · 07/01/2024 07:30 EDT

After two Tesla veterans launched Northvolt in 2017, the Swedish battery developer rapidly became Europe’s most prominent champion in the race to develop local electric vehicle and battery industries. Though it had never made a battery, the company announced a whirlwind of plans for vertical integration—plants across Europe and in Canada that would process lithium, make electrodes, manufacture batteries and recycle them when they were spent. Northvolt would make next-generation electric aviation batteries i

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