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Morrow Batteries seeks crucial funding amid European battery industry turmoil

Morrow Batteries AS is in a critical situation as it awaits approval for 1.5 billion kroner ($135 million) in government funding, essential for attracting investors. The company, which recently launched its first lithium-iron phosphate battery factory in Norway, is facing uncertainty following the bankruptcy of Northvolt, a larger competitor, which has raised concerns for European battery manufacturers amid increasing Chinese market dominance.
Bloomberg.com
Norwegian Krone Morrow Batteries Asa Northvolt AB NOR Lars Christian Bacher
Technology & Innovation, Market Report
13:57 27.11.2024
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