NORTHVOLT CEO STEPS DOWN, SAYING GROUP NEEDS UP TO $1.2 BILLION
- NEWS Desk Global
- Nov 22, 2024
- 1 min read
Northvolt's CEO and co-founder Peter Carlsson stepped down on Friday, a day after Europe's biggest hope for an electric vehicle battery champion filed for U.S. Chapter 11 bankruptcy protection.
The Swedish maker of battery cells went in a matter of months this year from being Europe's best shot in a vital industry for the energy transition to racing to stay afloat, hobbled by production problems and dwindling funds.
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