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They raised $15 billion. They had backing from Goldman Sachs, BlackRock, BMW, and Volkswagen. They were supposed to save Europe from China's battery dominance. Then in November 2024, Northvolt filed for bankruptcy with just $30 million left. This is the complete story of Europe's most spectacular business failure in the EV revolution. ⏱️ TIMESTAMPS: 0:00 - Intro: The $15 Billion Disaster 0:45 - Chapter 1: The Dream (Europe's Battery Champion) 2:15 - Chapter 2: The Cracks Appear (Production Failures) 4:00 - Chapter 3: The House of Cards (Safety Scandals & Layoffs) 5:30 - Chapter 4: The Collapse (Bankruptcy Filing) 6:45 - Chapter 5: Why It Matters (Lessons Learned) 8:00 - Conclusion & Your Thoughts 🔑 KEY POINTS: Northvolt raised over $14-15 billion across 14 funding rounds Failed to reach even 1% of production targets BMW canceled a $2 billion contract due to delays Burned $100 million monthly with minimal revenue Filed Chapter 11 with $5.84 billion in debt CEO Peter Carlsson stepped down 1,600 employees laid off (20% of workforce) 📊 SOURCES: All information is sourced from verified business publications including Financial Times, Bloomberg, Reuters, and official bankruptcy filings. 💡 RELATED VIDEOS: WeWork: The $47 Billion Collapse Theranos: Silicon Valley's Biggest Fraud FTX: How Sam Bankman-Fried Lost $32 Billion #Northvolt #Bankruptcy #businessfailure #electricvehicles #startupfailure #Sweden #Europe #Batteries #EV #casestudy ⚠️ DISCLAIMER: This video is for educational and entertainment purposes only. It is not financial or investment advice. All views expressed are my own based on publicly available information. 👍 If you enjoyed this deep dive into business failures, please LIKE and SUBSCRIBE for more content analyzing billion-dollar collapses and startup disasters!