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Scott Millar

Scott Millar

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.
The German state takes over risky Northvolt loan
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