Big news about Northvolt, a company that makes batteries for electric cars! They're having some serious money trouble. They've been trying to make lots of batteries, but it's been costing way more than expected.
- Northvolt might go bankrupt.
- They need a lot of money to keep going.
- Big companies like Volkswagen and Goldman Sachs own parts of Northvolt.
| Problem | Details |
|---|---|
| Money Trouble | Needs more than $1 billion. |
| Debt | Over $8 billion in debt. |
| Future | Bankruptcy possible unless new funding is found. |
This is important because Europe wanted Northvolt to help reduce reliance on Chinese battery makers. The situation is uncertain, but a decision is expected soon.
