Like many others, I have been following this story for months now. Being Swedish and a sustainable investor for the last 25 years, it naturally caught my attention a long time ago. I visited Northvolt's factory facilities in the winter of 2022, and some impressions from that visit are what I share with you in this special edition of ESG on Sunday. It is an expensive and, in a way, tragic lesson in geopolitics, the ongoing 'green war' with China, and the hopes dashed by mismanagement. The daring acts of the founders, the courage of the investors, and the high hopes for success were mixed with geopolitical tensions and a not-so-hidden wish to eliminate Chinese dominance and control in this space. There are many stories about Northvolt, and there will likely be books and even films made about this historical failure. Clearly, there are individuals who have been, and still are, privy to inside information about Northvolt but have not stepped forward to share an insider's perspective on...
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