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"Revolt Ett, located right next to the gigafactory, is the largest battery recycling facility of its kind in Europe. " source
Nowadays EU requires a certain amount of battery recycling, so a project like this can’t just fail. I’m pretty sure someone will restart production sooner or later. Maybe the Swedish government has to step in.
The government has already said no to stepping in so that is unlikely
Well that’s bad news for European battery production and recycling.