Giga Factories and Battery Companies

[TradingCharts]

The first offer for Northvolt just landed.
https://www.linkedin.com/posts/christopher-chico-97a859111_the-first-offer-for-northvolt-just-landed-activity-7343678050322030592-pYLl?utm_source=share&utm_medium=member_desktop&rcm=ACoAACqICfIBDnVCtKiuX6gsoBWZSJ9pAt341yg

The numbers tell a brutal story:

€7.2B debt vs €180M assets.

That's strategic acquisition math.

Not investment logic.

Three foreign bidders want everything now.

First time anyone pursued the whole company.

Previous months saw systematic stripping:
• Volvo grabbed Novo Energy stakes.
• Scania bought Polish operations.
• Lyten absorbed California facilities.

But this acquisition changes everything.

Administrator Michael Kubu confirmed it:

"We have an indicative offer on the table."

"We expect another during the day."

The offer covers the Northvolt battery cell plant Ett and its R&D facility.

Time pressure intensifies the game:

"Fewer employees are available each day."

Sweden's authority made the call clear.

No Chinese ownership allowed.

All three bidders are foreign, non-Chinese.

Big mistake.

They are the only ones with Korean and Japanese to make it work.

Additionally, the machinery is Chinese-made.

It's still good news for Europe.

How I see it:

Experience must fix Northvolt’s execution gaps.

Europe gets one more shot.
--
Want to know more about the battery industry?

Join 4,200 receiving my free newsletter https://lnkd.in/ejNgsqRm