Northvolt bankruptcy: "Its what's called a Chapter 11 bankruptcy protection"

[@maciejfratczak4136]

Europe competes with China , hahahaha. It is so bad it is unreal ...

[@jrkr7357]

No way you can compete with the Chinese on a level playing field .....

[@TheBooban]

And its not even level.

[@lancewood1410]

@@TheBooban Because these EU companies were crippled in the first place hahahaha.

[@sony5244]

Start up Battery manufacturing companies needs to be supported by the Government for a period of time . Chinese had a head start in the battery race , so it's not a fair game ..

[@lancewood1410]

Like how you go home and complain to your mum that the genius in your class had a better start because he was born smarter, yeah...go blame your mum LOL.

[@YellewBhee]

Short capacity….

[@paulgilliland2992]

Why eu continues to push for independent ev batteries is beyond illogical.

[@SIRLEE]

Hahahahahahahaaaaa……

[@Jackolivierbo]

This is incorrect. European EV demand has only slowed 3% yoy, relative to minus 10% for ICE cars. (First 9 months of 2024 vs 2023 ). Please stop perpetuating misleading information about EVs.

[@wgemini4422]

Doesn't matter if ICE cars dropped 100%. Their original business plan was probably not realistic to begin with. A dropping EV demand didn't help.

[@wynetsang]

Science and Civilisation in China (1954-present) is an ongoing series of books about the history of science and technology in China published by Cambridge University Press. It was initiated and edited by British historian Joseph Needham (1900-1995). China has several thousand years of tech experience while the West only has several hundred years since the end of the Dark Age.

[@viktorianas]

The next book you should read is called Logic, written by Common Sense, as you are lacking a bit in this department...

[@evernight.]

And yet they were surviving off of fishing and agriculture up until 80's 😂😂 And would still do so if the West hasn't shown up