Reported 5 days ago
Northvolt, a prominent electric vehicle battery manufacturer, is struggling to meet production targets and has reduced output at its facility in Sweden due to internal setbacks and delays. Internal documents reveal the company has consistently fallen short of its weekly goals for shippable battery cells, leading to significant workforce reductions and a possible Chapter 11 bankruptcy filing. Despite being seen as a key player in Europe's effort to compete with China in the EV battery market, Northvolt faces ongoing challenges in ramping up production and maintaining the quality of its batteries.
Source: YAHOO