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Troubled Northvolt may struggle to find a buyer

The one-time great European hope for the battery industry faces an uphill task to secure a financial rescue
Former Northvolt chief Peter Carlsson had once indicated Germany’s importance to the battery maker, but the country’s and other European carmakers are now deeply mired in crises of their own

Peter Carlsson, the co-founder and former chief executive of Northvolt, supposedly joked once about what would happen if the one-time great European hope for the battery industry ran into trouble.

If it all goes wrong, he suggested everyone in the Swedish company would end up speaking German, according to a former senior executive. Carlsson admits making a comment along these lines, indicating it was an expression of the importance of Germany to Northvolt.

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