Why Northvolt failed to become Europe’s battery champion

Not long ago, the Swedish battery maker Northvolt was seen as Europe's best hope for staying competitive with other global players during the green transition. Investors flocked to it, and it even became the continent’s best funded startup. But things look very different now. The company is fighting for survival and even filed for Chapter 11 bankruptcy in November. The FT’s Nordic and Baltic bureau chief Richard Milne spent years reporting on Northvolt and explains its meteoric rise and what its implosion means for Europe’s battery industry. Clip from Aftonbladet- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:How Europe’s battery champion descended into crisis‘There was so much promise’: How Northvolt tumbled into bankruptcyThe Northvolt dilemma: can European EVs avoid relying on Asian batteries?- - - - - - - - - - - - - - - - - - - - - - - - - - On X, follow Richard Milne (@rmilneNordic) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.