3Wk·

Volkswagen
$VOW3 (+2.71%) is expected to spend 1.6 billion dollars after the manufacturer of electric vehicle batteries, Northvolt, was shut down in the USA has filed for bankruptcy.

Northvolt is one of the biggest failures in the tech industry and could lose more than 13 billion dollars in investor capital.


Collage FINANCE / Volkswagen / Northvolt

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The 13 billion also includes 620 million from Germany
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