Europe's energy and electric vehicle sectors might find relief from their reliance on scarce Chinese raw materials, thanks to a “Breakthrough battery” sodium-ion battery recently introduced by its Swedish developer. . Plans for a SEK 13 billion large battery anode factory in Timrå, north of Sundsvall, have been entirely scrapped, according to Dagens Industri. The China-owned company Shanghai Putailai (PTL) was expected to employ 1,900 people. Swedish battery manufacturer Northvolt was among the potential. . The Swedish battery manufacturer Northvolt, once hailed as a key player in Europe's push towards green energy and reduced reliance on foreign energy supplies, now finds itself in a dire situation. Reports suggest that the company is facing insurmountable technical challenges with equipment supplied. . Researchers at the Stockholm School of Economics are investigating battery swapping – a technology for battery replacement that could accelerate the transition to fossil-free transport. Northvolt was held in high regard as a breakthrough battery start-up, receiving a $5 billion EU loan last year despite filing for bankruptcy in the United. . (Yicai) Dec. 20 -- Putailai New Energy Technology said it intends to appeal a decision by Swedish regulators to reject the Chinese company's proposal to build at SEK15. The company had manufactured a first-of-its-kind energy storage battery by replacing widely used critical minerals – such as lithium, cobalt, nickel and graphite – with. .
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