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Northvolt CEO resigns as Europe’s big hope for a battery champion files for bankruptcy

  • Northvolt, a Swedish battery manufacturer, filed for bankruptcy in the U.S. On Thursday, impacting Europe's lithium-ion battery ambitions.
  • Co-Founder and CEO Peter Carlsson resigned but will stay as an advisor and board member following the filing.
  • Northvolt aims to continue operations during restructuring, which is expected to conclude in the first quarter of next year.
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