North volt Skelleffea Sweden files for bankruptcy

[Dustydog]

A very sad day for Europe. The last major EV battery manufacturer fails. It has echoes of the British battery maker who failed last year. The tragedy and one often forgotten is the batteries are not just about cars. Solar farms and storage farms need these batteries.
Looks like , as usual we will become even more dependant upon products from the East which as many have said are not necessarily top quality. And I expect prices will rise and the extent of “Green” production will be lost on our remaining distant markets😥
I wonder if the closures at VW Germany have influenced this failure?

 

[otherclive]

That’s not good news. Wonder what drove them downhill, perhaps could not compete on price, or users preferred alternative sources. The output from China is driving prices down given the scale of Chinese production. For cars Chinese batteries can be top quality just look at how BYD have driven the technology forwards. But there are other European battery manufacturers and storage isn’t the same as auto traction.