CAVOK@lemmy.world to

Europe@feddit.orgEnglish · 29 days ago

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

www.euronews.com

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

www.euronews.com

CAVOK@lemmy.world to

Europe@feddit.orgEnglish · 29 days ago

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

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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CAVOK@lemmy.worldOP
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29 days 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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