Esteemed European automaker BMW has cancelled a multi-billion dollar battery order from a Swedish company that has received billions in subsidies to...
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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 Magazine, report. BMW Group downplays the news, stating, “Northvolt and the BMW Group have jointly decided to focus Northvolt’s activities on the goal of developing next-generation battery cells.” South Korean supplier Samsung SDI will fill in the gap for BMW’s fifth generation of EV batteries used in the iX and i4. Continue reading at newmobility.news.
Esteemed European automaker BMW has cancelled a multi-billion dollar battery order from a Swedish company that has received billions in subsidies to...
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