News

June 20, 2024

Northvolt’s €2bn deal with BMW cancelled

Northvolt is also undergoing a strategic review of a planned factory in Borlänge, Sweden

Freya Pratty and Mimi Billing

2 min read

Swedish battery manufacturer Northvolt, one of Europe’s best-funded climate tech startups, is having a difficult 24 hours. Its €2bn deal to supply battery cells to German car manufacturer BMW has been cancelled — and it has also been reported that it is undergoing a strategic review of a planned factory in Borlänge, Sweden.

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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

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