The statement echoed that of Swedish Prime Minister Ulf Kristersson who has also said the government does not plan to invest in the cash-strapped battery maker
The Swedish government does not plan to take a stake in lithium-ion battery maker Northvolt, Deputy Prime Minister Ebba Busch told Reuters on Tuesday as the company continues to explore options to stay afloat.
“To come up with a completely new system that doesn’t exist today, that’s not on the table,” Busch, who is also minister for energy, business and industry, said. “To go in and have state ownership in Northvolt, for example, is not on the table.” Busch said that Sweden’s switch away from fossil fuels would continue regardless of what happens to Northvolt.
“There are huge investments happening in the green transition in Sweden whether or not the Northvolt project gets fully completed or not,” Busch told Reuters.
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