The Fifteen Billion Dollar Crash of Europe's Battery Champion

A 5-minute documentary on Northvolt: how Europe's great battery hope raised $15 billion from Volkswagen, Goldman Sachs and BMW, built a gigafactory in Skellefteå in the Swedish Arctic, promised to beat China's CATL and BYD, and collapsed into bankruptcy in 2024 after cell production at Skellefteå reached a fraction of its target, BMW cancelled a €2 billion order, and the company burned through its cash. Show where the money came from, what the factory was supposed to make versus what it made, why Sweden, Germany and Canada all bet on it, and what its failure means for Europe's plan to stop depending on Chinese batteries.