The bankruptcy of Swedish battery maker Northvolt AB poses a significant challenge for the EU's electric vehicle ambitions, potentially impacting its budget by €300 million. Northvolt filed for Chapter 11 protection with only $30 million in cash and debts of $5.84 billion, including $313 million owed to the EU. The European Investment Bank is monitoring the situation and aims to protect EU interests while supporting strategic industries. Teljes cikk (Euronews.com)