Big news! Northvolt, a company that makes batteries for electric cars, went bankrupt. This is a very big deal in Sweden and Europe because they were trying to make batteries without relying on China. It's like a giant company closing down, and many people lost their jobs.
- Northvolt had lots of debt—over $8 billion!
- Many people who worked at Northvolt are now out of work.
- Big companies like Volkswagen and Goldman Sachs owned parts of Northvolt.
- Governments in Canada and Germany are trying to help.
| Fact | Number |
|---|---|
| Debt | Over $8 billion |
| Jobs at risk | 5,000 |
| Money received since 2016 | Over $10 billion |
