The German car manufacturer BMW is withdrawing a large order for battery cells from Northvolt worth approximately 22 billion kronor, reports Dagens industri, citing German Handelsblatt.
BMW is described as one of the battery manufacturer's key customers and is the eleventh largest owner of the company.
"Northvolt and BMW have jointly decided to focus Northvolt's activities on the goal of developing next-generation battery cells," says a spokesperson for BMW to Handelsblatt according to Di.
The background is said to be difficulties in Northvolt's production.
