Northvolt’s collapse started with BMW pulling its €2B battery contract

Northvolt's Swedish operations in Vasteras are pictured. — Northvolt's Swedish operations in Vasteras. (REUTERS)

November 25, 2024 08:58 AM

For Northvolt, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse started in June when BMW canceled a multi-billion-dollar order.

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