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Northvolt was Europe's greatest battery hope. $18 billion raised. $55 billion in contracts. Backed by Goldman Sachs, Volkswagen, and the full weight of the European Union. And it's gone — bankrupt, with just $30 million in cash left against $5.8 billion in debt. In this video, we break down the full collapse. How BMW walked away from a €2 billion deal. How Northvolt tried to expand in 4 countries simultaneously and ran out of money. How the entire company — years of work and billions in investment — was sold off in pieces, with the last remaining division going for just $6 million to Scania. But this isn't just about one company failing. A confidential paper prepared for EU leaders warned that by 2030, Europe could be as dependent on China for batteries as it was on Russia for gas before the Ukraine invasion. China already controls 60% of global battery output. Europe's 2030 capacity targets? Half of them are already at risk of cancellation. The real question isn't whether China destroyed Europe's battery industry. It's whether Europe ever had a real plan to compete in the first place. ⏱ Chapters: 00:00 - Europe's Biggest Battery Bet 02:30 - Why Europe Needed Northvolt So Badly 05:00 - The Rise: $12 Billion Valuation & Big Backers 07:30 - The Fall: BMW Walks Away 10:00 - Bankruptcy & The $6 Million Sale 12:30 - Was China Actually to Blame? 15:00 - The Real Numbers That Should Scare Europe 18:00 - Is Europe's EV Strategy Already Dead? 🔔 Subscribe for more untold tech stories every week! #Northvolt #EuropeBattery #ChinaEV #ElectricVehicles #BatteryWar #EU #Volkswagen #BMW #ChinaTech #EnergyNews