EU support could help Northvolt attract new owner, Sweden says
Published by Global Banking & Finance Review®
Posted on March 17, 2025
1 min readLast updated: January 24, 2026
Published by Global Banking & Finance Review®
Posted on March 17, 2025
1 min readLast updated: January 24, 2026
The EU might adjust funding rules to help bankrupt Northvolt attract a new owner, says Sweden's deputy PM, impacting Europe's battery industry.
PARIS (Reuters) - The European Union should amend its clean-tech funding rules to allow bankrupt Swedish battery cell maker Northvolt to access support that could help it attract a potential new owner, Sweden's deputy prime minister told Reuters on Monday.
Electric vehicle battery maker Northvolt said last week it had filed for bankruptcy in Sweden, marking one of the country's largest corporate failures and upending Europe's best hope of developing a rival to challenge China.
(Reporting by Kate Abnett, editing by GV De Clercq)
The article discusses the potential for EU support to help bankrupt Northvolt attract a new owner.
Northvolt was seen as Europe's best hope to rival China's battery industry before filing for bankruptcy.
Sweden's deputy PM suggests the EU amend clean-tech funding rules to support Northvolt.
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