BMW pulls back from €2 billion battery cell deal with Northvolt

Joris Van Roy

June 21, 2024

Northvolt’s first operational battery cell factory in Skellefteå, Sweden, should ramp up production to 16 GW annually, but apparently is behind schedule /Northvolt

BMW announced on Thursday it's pulling back from the €2 billion deal it concluded in 2020 with Swedish battery maker Nortvolt to deliver cells from 2024 as part of a long-term contract. But Northvolt is two years behind schedule and would deliver 'too many rejects', German media, like Manager Maga
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