Europe's electric car revolt claims its biggest scalp yet

By Yahoo! Finance | Nov 22, 2024 at 09:21 AM EST

Northvolt, a European battery champion, filed for bankruptcy protection due to a cash crisis caused by a decrease in demand for electric vehicles. Despite substantial investments, the company struggled as EV sales dropped, facing competition from Chinese manufacturers.

Did you find this insightful?

Bad

Just Okay

Amazing

We are preparing, please wait

New Alert

Select an alert type

Sentiment Spike

Send email alert if news sentiment changes significantly

Mentions Spike

Send email alert if has a surge in mentions

Choose sentiment spike or mentions spike or both to receive email alerts and app notification for the selected stock.
Note: Please be aware that you will receive an email only once a day, around 8:00 AM (EST), in the event of any spike.
In future if you don't want to receive any email then delete stocks added into alert section.