"Europe's Northvolt Sparks Global Battery Race with Billions in Funding"

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Source: The Wall Street Journal
"Europe's Northvolt Sparks Global Battery Race with Billions in Funding"
Photo: The Wall Street Journal
TL;DR Summary

European battery startup Northvolt is raising $3.4 billion in debt from the European Union and banks to expand battery production in Sweden and build a recycling facility, aiming to compete with China in the global battery race and capitalize on clean-energy subsidies.

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