meta_pixel
Tapesearch Logo
EV News Daily - Technology and Business of EVs

BONUS PODCAST: How Northvolt Collapsed And What It Means For EVs

EV News Daily - Technology and Business of EVs

Martyn Lee

Technology, Leisure, Automotive, Business

4.8749 Ratings

🗓️ 13 March 2025

⏱️ 21 minutes

🧾️ Download transcript

Summary

Northvolt, once Europe's most promising battery manufacturer and brightest hope for challenging Asian dominance in the electric vehicle battery sector, filed for bankruptcy in Sweden on March 12, 2025, following months of financial struggle.

The Swedish battery maker had previously sought Chapter 11 bankruptcy protection in the United States in November 2024 but ultimately failed to secure the necessary funding to continue operations.

Despite raising over $10 billion in capital since its founding in 2016 and securing contracts with major automakers, Northvolt succumbed to a combination of production challenges, market pressures, strategic missteps, and intensifying competition from Asian manufacturers.

The bankruptcy represents not just the failure of a single company but potentially a major setback for Europe's ambitions to establish battery manufacturing independence and accelerate its transition to electric mobility.

Welcome to a special bonus edition of the podcast, I'm Martyn Lee, and welcome back to EV News Daily.

Transcript

Click on a timestamp to play from that location

0:00.0

Let's stop there.

0:04.0

Being a soldier, it's exciting.

0:07.0

You already know that.

0:08.0

What you want to know is, what's in it for me?

0:11.0

I wanted to learn leadership skills from the experts.

0:15.0

I wanted to get paid to earn qualifications.

0:18.0

I wanted more confidence.

0:19.0

And I'll look, I'm on the radio.

0:21.6

That's what was in it for me.

0:23.6

Get skills, get qualified, get confident.

0:26.6

Army, recruiting now, search army jobs.

0:29.6

Got a side hustle, like making money from a hobby,

0:34.6

selling stuff online or doing a bit of dog walking outside your day job.

0:39.8

You might need to tell HMRC so you don't get any tax surprises.

0:44.6

To take the hassle out of your side hustle, search HMRC help for hustles.

0:52.1

Let's stop there.

0:54.5

Being a soldier, it's exciting.

0:57.5

You already know that.

0:58.7

What you want to know is, what's in it for me?

1:01.9

I wanted to learn leadership skills from the experts.

1:05.0

I wanted to get paid to earn qualifications.

1:08.0

I wanted more confidence.

...

Transcript will be available on the free plan in 25 days. Upgrade to see the full transcript now.

Disclaimer: The podcast and artwork embedded on this page are from Martyn Lee, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Martyn Lee and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.