Exclusive-Crisis-hit EV battery champion Northvolt struggles to hit production targets
Embattled green tech player Northvolt has missed some in-house targets and has curtailed production at its battery cells plant in northern Sweden, according to internal company documents and company sources, underscoring the challenge of ramping up output.
The documents show, along with goals for each week, a target to reach 51,000 deliverable cells in one week by the end of 2024. Hailed as Europe's best chance to weaken China's overwhelming dominance of the electric vehicle battery market, Northvolt fired a fifth of its global workforce and shrank its operations in September to stay afloat. The Swedish company, led by former Tesla contract from BMW , that tracks recycling data in the lithium-ion battery market, said. It allows for more efficient repair and maintenance, according to three of the Northvolt sources.
Scania said in September it has been receiving Northvolt cells on schedule and in sufficient numbers after agreeing a new delivery plan. Last year, the truckmaker was unable to ship electric trucks to clients due to Northvolt's problems.
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