The Swedish battery maker filed for bankruptcy last week, dashing ambitions for the European electric vehicles sector – and leaving significant EU loans outstanding

The Swedish battery maker filed for bankruptcy last week, dashing ambitions for the European electric vehicles sector – and leaving significant EU loans outstanding

  • bacondragonoverlord@feddit.orgEnglish
    6·
    30 days ago

    I really think we shouldn’t jump to conclusions just yet. It should be expected that when you just lost a large customer (BMW order for 2 Billion) that the finances of your company look bad. But that’s what insolvency is for isn’t it?

    Also to touch upon the massive amount of money the EU is potentially on the hook for, without it we would not have ever had the chance of a European Battery Powerhouse. Nothing ventured nothing gained.