CAVOK@lemmy.world to

EuropeEnglish · 1 day ago

Northvolt collapse leaves EU taxpayer on the hook for €293m

www.euronews.com

cross-posted to:
globalnews@lemmy.zip

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Northvolt collapse leaves EU taxpayer on the hook for €293m

www.euronews.com

CAVOK@lemmy.world to

EuropeEnglish · 1 day ago

cross-posted to:
globalnews@lemmy.zip

The Swedish battery maker filed for bankruptcy last week, dashing ambitions for the European electric vehicles sector – and leaving significant EU loans outstanding

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1 day ago
Sad but not unexpected. Battery tech is hard and will probably need gov’t money for a while to get it up and running. China did it like that, why not the EU?

Not saying that we should keep funding Northvolt, but clearly something needs to be done.

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