EV battery maker Northvolt failed after blowing through $15 billion. This US rival thinks it won't suffer the same fate.

EV battery maker Northvolt failed after blowing through $15 billion. This US rival thinks it won't suffer the same fate.
Northvolt's bankruptcy highlighted risks of overambition in cleantech, aiming to handle entire battery production in-house. In contrast, Redwood Materials focuses on upstream materials, avoiding direct competition with customers, and strategic partnerships, learning from Northvolt's pitfalls.