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How Europe’s battery champion descended into crisis

Insiders say Northvolt, Europe’s best-funded start-up, has been beset by problems from the start

Northvolt has been plagued by problems from incompetent management and poor safety standards to over-reliance on Chinese machinery, according to current and former workers at the cash-strapped Swedish battery maker.

Ten past and present workers of Europe’s best-funded start-up told the Financial Times its crisis had been caused by a litany of issues as it sought to do too much, too fast.

“Making batteries is hard, really hard. We tried to do almost everything at once,” said one former senior executive. “And the problems just kept piling up. I just don’t know if they can make it now.”

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