BMW, a German car manufacturer, has canceled a 2 billion euro order for batteries for its electric vehicles from Northvolt. This decision came after reports from German media, including Manager Magazine, revealed that Northvolt failed to deliver on time for a long-term supply contract signed in 2020. However, both companies have agreed to shift Northvolt’s focus towards developing next-generation battery cells. BMW continues to express a strong interest in establishing a high-performance manufacturer of circular and sustainable battery cells in Europe.
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