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

By Business Insider   |   3 weeks ago
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.

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