Northvolt's US bankruptcy filing threatens ?600 million for Germany

NAMPA / DPA

2024-12-03

Berlin (dpa) - Swedish battery manufacturer Northvolt's financial troubles could cost the German federal government and the northern state of Schleswig-Holstein dearly, following the company's bankruptcy filing in the United States. Northvolt, which is building a battery factory near the German town of Heide, has put ?600 million ($630 million) in loans from Germany's state-owned KfW development bank at risk. The German government and the state g......

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