The battery factory Northvolt in northern Sweden received nearly one billion euros from the EIB, but went bankrupt in March last year
Industry & EmploymentSweden
- Omissions
- The claim states nearly one billion euros from EIB but verified EIB sources confirm approximately €370 million in loans ($350 million + €52.5 million). Additional financing may include other EU sources or subsequent loans not found in available sources. The EIB may have committed additional financing beyond what was documented in the found sources, but the specific 'nearly one billion euros' figure from EIB alone could not be independently verified.
- The bankruptcy occurred on 12 March 2025, which is confirmed.