Tag #Northvolt

Showing 25 to 30 of 30 results

kathimerini.gr
🌐 85% Global Worthiness
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2024: Crisis Hits European Industrial Giants

In 2024, European industrial giants like Volkswagen, facing challenges from the shift to electric vehicles and Asian competition, experienced significant setbacks, including plant closures, bankruptcies, and massive layoffs, revealing systemic issues within European industry.

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56% Bias Score

Decent Work and Economic Growth
dw.com
🌐 85% Global Worthiness
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"Northvolt Bankruptcy Jeopardizes Germany's 600 Million Euro Battery Investment"

"Germany faces a setback in its electric vehicle strategy as Swedish battery producer Northvolt, which received 600 million euros in German funding for a planned factory in Heide, Schleswig-Holstein, declared bankruptcy in December 2024, raising questions about the government's investment strategy a...

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60% Bias Score

Industry, Innovation, and Infrastructure
taz.de
🌐 85% Global Worthiness
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Northvolt Insolvency Threatens €600 Million in German Loan Guarantees

Northvolt, a Swedish battery manufacturer, declared insolvency, jeopardizing over €600 million in German and Schleswig-Holstein loan guarantees for its Dithmarschen factory; despite this, construction continues.

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40% Bias Score

forbes.com
🌐 85% Global Worthiness
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Northvolt Bankruptcy Highlights Europe's Clean Energy Challenges

Northvolt's bankruptcy, despite securing $15 billion in funding and $50 billion in orders, exposes Europe's struggle to compete with Asia in clean energy due to high costs, fragmented policies, and inconsistent government support; this serves as a warning for the U.S.

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32% Bias Score

Industry, Innovation, and Infrastructure
zeit.de
🌐 75% Global Worthiness
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Northvolt Bankruptcy Costs Schleswig-Holstein €300 Million

Schleswig-Holstein will borrow €300 million to cover its share of a €600 million loan guarantee for Northvolt's now-bankrupt battery factory near Heide, after the company filed for bankruptcy under US insolvency law, revealing operational and financial difficulties since at least 2023.

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32% Bias Score

Decent Work and Economic Growth
welt.de
🌐 65% Global Worthiness
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Northvolt's German Battery Factory Faces Financial Headwinds

Northvolt's battery factory in Germany faces financial challenges despite significant funding from the EU and German government.

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24% Bias Score

Industry, Innovation, and Infrastructure

Showing 25 to 30 of 30 results