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flag Swedish battery maker Northvolt files for bankruptcy, risking 5,000 jobs amid financial struggles.

flag Swedish battery maker Northvolt has filed for bankruptcy, citing financial difficulties and operational challenges. flag The company, which once aimed to challenge Asian battery giants, struggled with rising costs, geopolitical issues, and production delays. flag Despite the bankruptcy affecting its Swedish operations and putting 5,000 jobs at risk, Northvolt's North American and German subsidiaries remain solvent. flag The situation marks a significant setback for Europe's ambitions in the battery sector.

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