Northvolt grows up: tackling the complexities after meteoric rise
The company poised to lead the European Union’s new electric and sustainable industry has experienced a 24-hour ordeal.
This edition of The Mobility Week in Review explores Northvolt’s first significant setback, potential negotiations between China and the EU to avert a trade war, Volkswagen’s latest investment, Tesla’s futuristic wheel plans, and Boeing’s newest investment.
Without further ado, let’s dive in…
🔋 Northvolt faces its most challenging 24 hours yet
Swedish battery manufacturer Northvolt, one of Europe’s best-funded climate tech startups, is facing a challenging 24 hours. Its €2.000 million agreement to supply battery cells to German car manufacturer BMW has been canceled. Additionally, reports indicate that Northvolt is undergoing a strategic review of a planned factory in Borlänge, Sweden.