Northvolt, a Swedish electric vehicle battery manufacturer, is encountering difficulties in meeting its production targets due to financial challenges.
The company had set an ambitious goal to produce 51,000 deliverable battery cells in a single week by the end of 2024, according to internal documents. However, these targets are now considered outdated.
Northvolt has not provided updated production figures but stated that current targets are in line with contracted customer deliveries. The increasing demand for EV batteries is putting pressure on manufacturers in the rapidly evolving electric vehicle market.