Northvolt Loses $2 Billion BMW Contract for EV Batteries

GALWAY, IRELAND--July 3, 2024--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--German automaker BMW (Munich, Germany) has canceled a contract worth more than $2 billion with Swedish battery cell maker Northvolt (Stockholm, Sweden). Within this article: Details cancellation of $2 billion Northvolt battery contract by BMW, reasons, related Northvolt gigafactory projects