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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