a major shock for the green industry

On March 12, 2025, Sweden’s Northvolt, once heralded as Europe’s battery champion for electric vehicles (EVs), declared bankruptcy. This collapse has sent shockwaves through the European automotive sector, especially the already struggling electric car market, which faces fierce competition from American and Asian giants. Northvolt’s Ambitious Journey Turns into a Fiasco Northvolt, founded in 2016,…