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

  • poVoq@slrpnk.netMEnglish
    16·
    1 day ago

    Exactly what I feared. This had a strong “stupid government money cash grab” smell for a while now 🤦‍♂️

    • CAVOK@lemmy.worldOPEnglish
      15·
      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.