Europe Bet Everything on Northvolt. Here Is Exactly How That Went.

A documentary account of Northvolt's rise and collapse. Europe's largest battery manufacturer and its biggest bet on energy independence from Asia. Workers moved families to northern Sweden for a promised 500,000-battery-per-year operation. The company went bankrupt under billions in debt, driven by scrap rates so high that cells failed quality control faster than the factory could produce them. The aftermath: an American startup called Lyten acquired the assets, VW's PowerCo subsidiary is ramping up in Germany using Chinese machine expertise while retaining full IP ownership, and the EU has invested roughly €7 billion in the sector. For comparison, CATL spent the same amount on its Hungary plant alone. The gap is not closing quickly.