If you dominate EV battery manufacturing, you dominate electromobility. China is building one gigafactory after another, while Europe struggles with political uncertainty, lack of know-how, and large-scale projects that end up delayed or cancelled. This is the story of an industry that’s shaping the future. The EV battery is the core of electromobility. Europe had pinned its hopes on Swedish battery developer and manufacturer Northvolt. But it failed spectacularly.