A major EV battery supplier files for bankruptcy

In a giant blow to the unstable and cutthroat electric automobile industry, Swedish EV battery manufacturer Northvolt may be damage up up and sold after filing for financial worry in its native Sweden.

In accordance with a assertion, the firm's filing comes after "an exhaustive effort to explore all available procedure to stable a viable financial and operational future" as it failed to climate sure stipulations affecting its industry.

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