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Northvolt Crisis Could Cost Taxpayers Another 300 Million

Summary by Tagesschau
According to a Handelsblatt report, the crisis of the battery manufacturer Northvolt could cost even more than previously assumed. We are talking about another 300 million euros of taxpayers' money.

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According to a Handelsblatt report, the crisis of the battery manufacturer Northvolt could cost even more than previously assumed. We are talking about another 300 million euros of taxpayers' money.

·Hamburg, Germany
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According to "Handelsblatt" the damage could be 300 million euros higher than previously thought

At Northvolt there is hope because a US company wants to buy the battery manufacturer, but risks remain for the taxpayer.

·Germany
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At Northvolt there is hope because a US company wants to buy the battery manufacturer, but risks remain for the taxpayer.

The risk to German taxpayers due to the crisis at battery manufacturer Northvolt could be higher than previously assumed. This is reported by the "Handelsblatt." The Swedish company is currently undergoing restructuring proceedings. Since then, it has been publicly known that the German government may not be able to repay aid totaling €600 million. The "Traffic Light" government and the state government of Schleswig-Holstein had granted this in …

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berliner-sonntagsblatt.de broke the news in on Wednesday, August 13, 2025.
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