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The German state takes over risky Northvolt loan
Germany takes over a large loan obligation to Northvolt, which risks becoming a multi-billion kronor loss according to Bloomberg. The news comes after the crisis-stricken battery manufacturer recruited Markus Dangelmaier as the new CEO for the subsidiary Northvolt Ett, which owns the company's large battery factory in Skellefteå.
New CEO for Northvolt in Skellefteå
The German Markus Dangelmaier has been appointed as the new CEO of the Northvolt Ett factory in Skellefteå, writes [Norran](https://www. norran.
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