Former Northvolt boss bitter at
Photo: Jonas Ekströmer/TT

Former Northvolt boss bitter at the government after financiers dropped out

When the financiers of the now-bankrupt Northvolt began to drop out, management turned to the government as a last hope. But CEO Peter Carlsson got the nod. That can make me quite bitter, he tells Dagens Nyheter in connection with his new book.

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The book is about the rise and fall of the battery giant, told through Peter Carlsson's eyes - about how everything started to go wrong when major financiers Volkswagen and Porsche dropped out.

At that time, Peter Carlsson was hoping for the government and some form of bridge loan.

We needed significantly larger sums, but symbolic support from Sweden would have given us much more support. That can make me quite bitter.

He describes the time after the bankruptcy over a year ago as dark.

How do you move on from this? I had completely failed at this project and had also been called a complete idiot.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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