An in-depth analysis of the reasons for Northvolt's bankruptcy

Since its establishment in 2016, Northvolt has raised more than 10 rounds of financing in just eight years, totaling $15 billion. However, despite the support of many well-known companies and huge orders, Northvolt eventually fell into trouble. Analysts believe that its core management team lacked strategic focus and pursued political correctness, while ignoring the essence of battery manufacturing, which led to the inability to mass-produce its batteries and ultimately the cancellation of orders.