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Scott Millar

The German state takes over risky Northvolt loan
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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
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