CATL denies investment in Northvolt, which faces financial difficulties

Recently, there have been reports that Swedish battery manufacturer Northvolt is in talks with Chinese battery manufacturer CATL and may obtain investment from the latter. However, CATL co-founder Pan Jian made it clear in an interview that they have no plans to invest in Northvolt, which is in financial trouble. This implies that CATL is not optimistic about Northvolt, especially considering Northvolt's current financial problems and potential bankruptcy risks. Although the two companies have explored the possibility of cooperation, including a licensing model similar to CATL's cooperation with Ford Motor Company, these discussions were conducted before CATL learned about Northvolt's financial situation.