When Companies Fail to Learn, They Learn to Fail
Investing in electric-vehicle battery production may seem like a sure thing. And at first glance, Northvolt – the Swedish EV battery developer and manufacturer that filed for bankruptcy protection in November – appeared to have all the advantages and capabilities needed to succeed. For starters, the market fundamentals are undeniably strong. EV production is projected to grow exponentially: Tesla is trading at more than 100 times its earnings, whereas Toyota – the world’s largest manufacturer of gasoline-powered cars – has a price-to-earnings ratio of ten. ….[READ]
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