End of the road for Northvolt
The rise of Europe’s most promising next-generation industrial project has come to an abrupt stop.
This edition of The Mobility Week in Review explores the sudden downfall of Northvolt, the battle for control of Air Europa, Europe’s push for electric buses, the future of flying taxis in the UK, Waymo’s latest advancements, and groundbreaking batteries that charge in just five minutes.
Without further ado, let’s dive in!
🪫 Northvolt files for bankruptcy in Sweden
Det är över. The journey of what was once Europe’s most promising next-generation industrial project has come to a sudden halt. Northvolt, the electric vehicle battery maker founded by two former Tesla executives, has reached the end of the road after failing to secure additional funding. The Swedish company’s board announced its bankruptcy on Wednesday, stating that it had “explored all available options to ensure a viable financial and operational future.”