Recently,Swedish battery manufacturer Nilar International AB announced that the company had filed for bankruptcy in its **and are looking for a new owner.
As early as late November, Nilar had revealed that it had significant funding needs in the next few years and was evaluating strategic partnerships or potential opportunities.
It is understood that Nilar is a Sweden-based nickel-metal hydride battery producer, which has been carrying out battery research and development work since 2001, and realized the first scalable automated production line in 2014, and received 47 million euros of investment from the European Investment Bank in 2020.
Nilar claims that the nickel-metal hydride batteries it has developed have a bipolar design, are safe and comprehensible, and are primarily aimed at residential, industrial and commercial users who want to combine multiple functions. At the same time, Nilar also said that it has developed lithium-ion batteries for the energy storage market as stationary energy storage.
With the clarification of the goals of carbon peak and carbon neutrality, energy storage has become a trillion-dollar tuyere as a rigid supporting station. NiMH batteries occupy a place in the energy storage market due to their safety and wide range of applicable temperatures.
However, it is worth noting that although the European new energy storage market is booming, the development of European battery companies is still uncertain due to factors such as resources, technology, and the scale of the first chain.
At the beginning of the year, Europe's largest local battery company Northvolt missed BMW's 10 billion orders, which may mean that in reality, the market and capital's fantastic enthusiasm for European local companies has gradually faded, and even some smaller battery companies have been difficult to support, and have declared bankruptcy.
Just in February of this year, British battery startup BritishVolt announced that it had gone into bankruptcy.
Britishvolt is currently the only homegrown battery company in the UK, which had planned to invest 3.8 billion pounds (about 31.3 billion yuan) to build a large factory in the north of England, but this plan fell through when the company went bankrupt.
The EU group says it aims to build a strong pan-European battery industry and strive to capture a market worth 250 billion euros by 2025. But for now, it remains to be seen whether this goal will be achieved as scheduled.