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Maroc Maroc - NEWMOBILITY.NEWS - A La Une - 10/Jan 11:20

Shareholders throw Northvolt a lifeline

Beleaguered Swedish battery manufacturer Northvolt has received a critical endorsement from its shareholders to continue operations in its home country. A vote in favor underscores shareholder confidence from important partners like Volkswagen as the battery supplier tries to restructure and seeks additional funding to keep its business afloat. Northvolt, once a beacon of Europe’s aspirations for a homegrown battery supply chain to rival Chinese dominance, has faced mounting pressures in recent months. Continue reading at newmobility.news.

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