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End of the road for EV battery maker that raised $15 billion from investors including Goldman Sachs and BlackRock

  • EV battery maker Northvolt, founded by two ex-Tesla executives, has filed for bankruptcy.
  • The company faced financial challenges including growing capital costs and supply chain disruptions.
  • Northvolt aimed to become Europe's main EV battery manufacturer, but failed to compete with Chinese rivals.
  • The bankruptcy will lead to the sale of the business and its assets.

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