The arrival of Northvolt was hailed as a flagship project for Sweden's green industrial revolution, promising to reduce dependency on oil and Chinese batteries.
Despite optimism, Northvolt faces a cashflow crisis, showcasing the volatility of Europe’s electric car market, leading to significant layoffs and halted expansions.
As worries mount among Northvolt employees about job security amid layoffs, the company is also under scrutiny for potential workplace violations following a tragic incident.
With BMW cancelling a significant contract and fears of bankruptcy circulating, the future of Europe’s first homegrown battery gigafactory appears increasingly precarious.
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