Germany Steps In to Absorb $600 Million Northvolt Debt Following Insolvency
20 days ago
In a significant financial maneuver, Germany has agreed to take on approximately $600 million in debts associated with Northvolt, the Swedish battery manufacturer that recently declared insolvency. This decision marks a crucial intervention by the German government in a developing crisis in the European battery supply chain, which has seen increasing pressure amidst rising production costs and supply chain challenges.
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XPeng Explores Localization Strategies Amid Looming Europe Tariff Vote
3 months ago
Chinese electric vehicle maker XPeng Inc. is rushing to expand its production footprint in Europe, just as the European Union prepares for a vote that could introduce new tariffs on imported electric vehicles from China.
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