Northvolt

Northvolt was a Swedish battery manufacturer founded in 2016, aimed at creating a sustainable supply chain for electric vehicle batteries in Europe. Initially viewed as a model for success in the industry, it attracted over 13 billion euros in funding, including support from major investors like Volkswagen and Goldman Sachs. Despite its ambitious goals, Northvolt faced significant challenges with production delays and cost overruns, ultimately leading to its bankruptcy declaration in March 2024.