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Swedish battery maker Northvolt files for bankruptcy, risking 5,000 jobs amid financial struggles.
Swedish battery maker Northvolt has filed for bankruptcy, citing financial difficulties and operational challenges.
The company, which once aimed to challenge Asian battery giants, struggled with rising costs, geopolitical issues, and production delays.
Despite the bankruptcy affecting its Swedish operations and putting 5,000 jobs at risk, Northvolt's North American and German subsidiaries remain solvent.
The situation marks a significant setback for Europe's ambitions in the battery sector.
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El fabricante sueco de baterías Northvolt se declara en bancarrota, arriesgando 5.000 puestos de trabajo en medio de luchas financieras.