The story of one of the largest industrial hopes in Europe will end in June. The battery start-up Northvolt will then set cell production in Skellefteå in Swedish. What will be left of the company that was founded in 2016 by a small team around ex-Tesla manager Peter Carlsson (54) is unclear. The insolvency administrator Mikael Kubu hopes for a sale of Northvolt or at least for partial sales such as Northvolt Drei, the planned battery factory near Heide in Schleswig-Holstein. “The search for a buyer is progressing,” said Kubu at the end of May.
Northvolt was not a normal company, it was a political issue and superlative at the same time. In a single financing round, it collected over $ 15 billion, as much as no other start-up until then. Like hardly any other industrial project, it was politically wanted. For example, the European Union declared cell production in the interest of its member states in order to break Asian dominance in the field. And it had well -known investors like Volkswagen or Goldman Sachs,, but also pension funds. In 2022, Northvolt was rated $ 12 billion and then registered for bankruptcy two years later. How did the rapid decline come about?
In this podcast Margret Hucko, editor of the manager magazine, speaks with editor -in -chief Isabell Hülsen.
In the podcast “The Topic”, editor -in -chief Isabell Hülsen provides information about the exclusive findings of the editorial team every week on a topic that is decisive for the German economy. You can use the Podcast via Manager-Magazin.de as well as on Spotify
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