BMW cancels $2.15bn order for battery cells from Northvolt due to delivery delays, focuses on next-gen development.
BMW has cancelled a $2.15bn order for battery cells for its electric vehicles with Swedish firm Northvolt, citing delivery delays. BMW and Northvolt agreed to focus on developing next-generation battery cells, while BMW will now source its immediate needs from other suppliers. The company remains committed to establishing a high-performance, circular, and sustainable battery cell manufacturer in Europe.
June 20, 2024
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