Europe’s battery hopes fade to red
Northvolt might fall under CATL’s influence, a dramatic blow to the Old Continent’s industrial ambitions.
This edition of The Mobility Week in Review explores the potential collapse of Northvolt under the shadow of China’s CATL, the success factors behind the world’s only true electric mobility hub, the latest advancements in emission-free aircraft, Renault’s bold push into electric trucking, the IPO ambitions of Chinese startup Pony, and the uncertain future of Nissan.
Let’s dive in!
🪫 Northvolt’s struggle: from European icon to potential Chinese asset
A bid for independence, a fall into dependency. This sentence captures the trajectory Northvolt, one of the most significant industrial ventures of Europe’s new generation, has taken in recent weeks. While the announced bankruptcy initially seemed like a last-ditch effort to steer back toward success, recent developments suggest an even bleaker outcome: the company may fall into the orbit of the Chinese giant CATL.