The sodium-ion battery startup went from announcing a $1.4 billion factory to filing for liquidation in just over a year. Natron's troubled journey illustrates the challenges in making batteries in the U.S.
Natron is being carved up through a process known as “assignment for the benefit of creditors,” an alternative to Chapter 7 bankruptcy that could result in a speedy — and quiet — sale of assets that forgoes the court proceedings that many liquidations follow.
I guess there’s still hope. Maybe someone will buy Natron and continue production.
I guess there’s still hope. Maybe someone will buy Natron and continue production.