BMW Cancels Orders for Swedish Lithium-Ion Batteries, Samsung SDI Steps In

BERLIN – German automobile producer BMW lately introduced that it had canceled a $2.15 billion electrical automobile (EV) battery cell order with Northvolt.

German media Handelsblatt reported that the Swedish lithium-ion battery maker was unable to fulfill a well timed provide of battery cells as agreed within the contract with BMW in 2020.

A BMW spokesperson stated right now, “Northvolt and the BMW Group have determined to focus Northvolt’s actions on the aim of growing next-generation battery cells,”

“BMW Group stays very keen on establishing a excessive efficiency sustainable and cyclic battery cell producer in Europe. ” defined a BMW spokesperson.

Samsung SDI Korea will step in to fill the hole created at BMW by the cancellation.

It was additionally reported that Northvolt was having bother growing the manufacturing of the commercial chain – it was two years not on time and making an excessive amount of waste.

BMW ordered Northvolt cells for the fifth era of batteries and will probably be produced in Sweden beginning this 12 months with one hundred pc renewable vitality from wind and hydropower.

Nevertheless, Northvolt will nonetheless present the following era of battery cells that BMW wants for the EV Imaginative and prescient Neue Klasse.

(wbs)