An EV Battery Maker Collapses, Highlighting China’s Dominance in the Market
Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports on the collapse of Northvolt, once Europe’s best hope for an independent EV battery industry. After receiving $10 billion in investments, the Swedish company went bankrupt and laid off 75% of its staff. While poor management played a role, the real issue was China’s government-backed battery industry,…
