Get the latest tech news
Volkswagen slashes the value of its stake in Northvolt, the beleaguered battery manufacturer
The write downs occurred throughout the current fiscal year as the situation at Northvolt deteriorated.
Volkswagen bet big on European-made batteries a few years ago with two massive investments in Northvolt, the Swedish manufacturer. The write downs occurred throughout the current fiscal year as the situation at Northvolt deteriorated. TechCrunch Space Every Monday, gets you up to speed on the latest advances in aerospace.
Or read this on TechCrunch