Northvolt Reacts To Changes In Demand For Batteries — Make A New Plan, Stan!
BMW
2024 has not been kind to Northvolt, the Swedish battery-maker co-founded by Peter Carlsson, who previously worked on battery technology at Tesla. The problems have led BMW to rethink its $2 billion order for Northvolt batteries after the company was unable to meet its production targets. A few weeks ago, Northvolt announced the initial steps that are part of a strategic review. These measures reflect a challenging macroeconomic environment and a subsequent reassessment of Northvolt’s near-term
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