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The new law should have a laser sharp focus on what needs to be onshored and localised.
By Julia Poliscanova and Diane Strauss
Another one bites the dust. Morrow Batteries is the latest in the sad saga of EU battery start-ups that have gone bankrupt. The company was burning through cash while it ramped up and, despite talks with investors, it could not inject extra capital on time.
The EU has talked more of the need to secure a homegrown battery industry ever since Northvolt announced bankruptcy back in early 2025, but it’s failing to fully walk the talk.
