Northvolt’s collapse is proof that even lavish public subsidies — the company pocketed nearly $1 billion from Germany — and booming customer demand aren’t enough to break China’s vise-grip on EV tech, and evidence that a new strategy is needed in order for Northvolt and peers in Europe and the US to survive.
Northvolt bankruptcy shows a new strategy is needed to counter China’s EV dominance – Tim McDonnell
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