On May 6, 2026, Norwegian company Morrow Batteries declared bankruptcy, becoming the latest European battery manufacturer to fail following Northvolt. Founded in 2020, Morrow had established Europe's first GWh-scale LFP battery factory. Despite a supply agreement with Proventia and a first military order, the company ran out of liquidity.
Key reasons for the bankruptcy include global battery oversupply, intense price pressure, rising financing costs, and industrialization delays. Industry analysts point to systemic challenges plaguing Europe's battery sector: incomplete supply chains, manufacturing costs approximately 50% higher than China's, lack of mass production experience, and insufficient capital patience.
This means for B2B buyers: Relying on European-made batteries may face higher costs, supply instability, and longer lead times. Buyers should reassess sourcing strategies, consider diversified suppliers, and prioritize partners with established production ecosystems and cost efficiencies.
According to industry data, Europe's battery manufacturing costs remain significantly above Asian competitors due to raw material dependencies and energy prices. The Morrow case underscores the severe challenges facing European domestic battery manufacturing without a complete industrial ecosystem and cost advantages.
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