Northvolt Lenders to Convene as EV Battery Maker Hangs by Thread

Swedish electric vehicle battery maker Northvolt is staring at a major crisis. On Friday, the lenders to the financially beleaguered Swedish electric vehicle battery manufacturing startup Northvolt decided to convene and discuss possible ways forward for the once-promising startup. This comes at a time when Northvolt is fluttering under the enormous financial strain and operational challenges.

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