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.
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
2 min read
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Freya Pratty is a senior reporter and investigations lead at Sifted. Follow her on X , LinkedIn and Bluesky

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