A recent Financial Times article highlighted the challenges faced by Northvolt, once considered Europe’s flagship battery manufacturing startup, and underscores broader concerns about the green industrial transition in Europe. However, those same lessons are applicable for the U.S. as it seeks to compete in a space dominated by China. Systemic Challenges in Green Transition Northvolt’s bankruptcy serves as a cautionary tale about Europe’s struggle to compete in the electric vehicle (EV) and clean tech sectors against better-established…
