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Thursday, February 12, 2026

This Battery Startup Raised $15 Billion. Then It Went Bust.

Northvolt was one of the world’s most valuable battery startups. Now it has run out of charge. Over the past week, the Swedish company filed for bankruptcy in the U.S. and said its co-founder was stepping down as chief executive, after a turbulent year of production problems and job cuts.

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