Business

Image Credit: Northvolt Northvolt EV Battery Firm Despite obtaining over $15 billion from big investors like Goldman Sachs, BlackRock, and Volkswagen, Swedish battery producer Northvolt has filed for bankruptcy, therefore severely hurting the electric vehicle (EV) sector. The fall of the company emphasizes the continuous difficulties Europe’s aim to create a self-sufficient EV battery industry […]

Image Name: Volkswagen EV Image Credit: volkswagen With promises to introduce a reasonably priced electric car for €20,000 ($21,700), Volkswagen is generating waves in the market for electric vehicles. With competitively priced models, the German automaker seeks to question the rising hegemony of Chinese EV producers, who have been fast expanding into European and worldwide […]