{"id":18640,"date":"2024-06-25T11:12:10","date_gmt":"2024-06-25T03:12:10","guid":{"rendered":"https:\/\/battery9999.com\/en\/?p=18640"},"modified":"2024-06-25T11:12:10","modified_gmt":"2024-06-25T03:12:10","slug":"bmw-cancels-2-billion-battery-cell-order-from-northvolt","status":"publish","type":"post","link":"https:\/\/battery9999.com\/en\/bmw-cancels-2-billion-battery-cell-order-from-northvolt\/","title":{"rendered":"BMW cancels $2 billion battery cell order from Northvolt"},"content":{"rendered":"<p>Jun 20 2024<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-18638\" src=\"https:\/\/battery9999.com\/wp-content\/uploads\/2024\/06\/2024-06-25_110855-300x190.jpg\" alt=\"\" width=\"300\" height=\"190\" srcset=\"https:\/\/battery9999.com\/wp-content\/uploads\/2024\/06\/2024-06-25_110855-300x190.jpg 300w, https:\/\/battery9999.com\/wp-content\/uploads\/2024\/06\/2024-06-25_110855-450x286.jpg 450w, https:\/\/battery9999.com\/wp-content\/uploads\/2024\/06\/2024-06-25_110855.jpg 567w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><!--more--><\/p>\n<p>German automaker BMW\u00a0said today that it has canceled a \u20ac2 billion ($2.15 billion) order for EV battery cells with\u00a0<a href=\"https:\/\/northvolt.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Northvolt<\/a>.<\/p>\n<p>German media\u00a0<a href=\"https:\/\/www.handelsblatt.com\/unternehmen\/industrie\/bmw-autohersteller-storniert-milliardenauftrag-bei-northvolt\/100046782.html\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Handelsblatt<\/em><\/a>\u00a0and\u00a0<em>manager magazin<\/em>\u00a0reported that the Swedish lithium-ion battery maker couldn\u2019t deliver on time on a long-term supply contract for battery cells agreed with BMW in 2020.<\/p>\n<p>A BMW spokesperson said today, \u201cNorthvolt and the\u00a0BMW\u00a0Group have jointly decided to focus Northvolt\u2019s activities on the goal of developing next-generation battery cells. The BMW Group continues to have a strong interest in establishing a high-performance manufacturer of circular and sustainable battery cells in Europe.\u201d<\/p>\n<p>Korea\u2019s Samsung SDI will step in to fill the gap created at BMW by the cancellation.<\/p>\n<p><em>manager magazine<\/em>\u00a0said Northvolt is having trouble ramping up industrial series production \u2013 it\u2019s two years behind schedule and producing too much waste.<\/p>\n<p>BMW ordered Northvolt\u2019s cells for its fifth generation of batteries. They were to be manufactured in Sweden starting this year with 100% renewable energy from wind and hydropower. However, Northvolt will still supply the next-gen battery cells that BMW needs for its\u00a0<a href=\"https:\/\/www.bmwusa.com\/concept-vehicles\/vision-neue-klasse.html\">Vision Neue Klasse<\/a>\u00a0EVs.<\/p>\n<p>In\u00a0<a href=\"https:\/\/electrek.co\/2024\/01\/16\/northvolt-secures-a-landmark-5-billion-largest-green-loan-ever-in-europe\/\">January<\/a>, Northvolt announced it had raised $5 billion to enable the expansion of Northvolt Ett in northern Sweden and recycle batteries \u2013 the largest green loan raised in Europe to date. And in March, it broke ground on a battery gigafactory in Heide, Germany.<\/p>\n<p>Yesterday, Northvolt said it was reviewing plans to build a new factory in Borlange, Sweden, but hasn\u2019t yet decided after Swedish newspaper\u00a0<em>Dagens Industri<\/em>\u00a0reported that it was canceling the factory. The newspaper cited a municipal official.<\/p>\n<p><em>Now is a great time to begin your solar journey so your system is installed in time for those sunny summer days. If you want to make sure you\u2019re finding a trusted, reliable solar installer near you that offers competitive pricing, check out\u00a0<\/em><a href=\"https:\/\/www.energysage.com\/p\/electrek-rsm-ml\/\"><em>EnergySage<\/em><\/a><em>,a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20 to 30% compared to going it alone. Plus, it\u2019s free to use and you won\u2019t get sales calls until you select an installer and share your phone number with them.<\/em><\/p>\n<p><em>Your personalized solar quotes are easy to compare online and you\u2019ll get access to unbiased Energy Advisors to help you every step of the way. Get started\u00a0<\/em><a href=\"https:\/\/www.energysage.com\/p\/electrek-rsm-ml\/\"><em>here<\/em><\/a><em>.<\/em>\u00a0<em>\u2013affiliate link<\/em><\/p>\n<p>Source:<a href=\"https:\/\/electrek.co\/2024\/06\/20\/bmw-cancels-2-billion-battery-cell-order-from-northvolt\/\">BMW cancels $2 billion battery cell order from Northvolt | Electrek<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jun 20 2024<\/p>\n","protected":false},"author":12,"featured_media":18638,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[113],"tags":[],"class_list":["post-18640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BMW cancels $2 billion battery cell order from Northvolt - \u660c\u8467\u80a1\u4efd\u6709\u9650\u516c\u53f8<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/battery9999.com\/en\/bmw-cancels-2-billion-battery-cell-order-from-northvolt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BMW cancels $2 billion battery cell order from Northvolt - 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