alt Hacker NewsSweden had a major company try to make lithium batteries but it was not economical viable without major and continuously infusion of government subsidies. The company Northvolt is the largest bankruptcy in modern Swedish industrial history.
Sweden had a major company try to make lithium batteries but it was not economical viable without major and continuously infusion of government subsidies. The company Northvolt is the largest bankruptcy in modern Swedish industrial history.
>The deal with BMW was cancelled in June 2024 because of Northvolt not being able to deliver on time. [Wikipedia]
Certainly this is some kind of failure. But this is Hacker News. Surely we can appreciate that you can't just blame the core technology when a company fails. History is full of companies that failed. Japan and the USA have battery companies despite high wages. There is something to be learned here, but I don't have the determination to figure out exactly what it is.