{"id":73555,"date":"2024-06-21T00:06:16","date_gmt":"2024-06-21T04:06:16","guid":{"rendered":"https:\/\/autosector.com\/?p=73555"},"modified":"2024-06-21T00:06:16","modified_gmt":"2024-06-21T04:06:16","slug":"bmw-cancels-2-billion-ev-battery-cells-contract-with-northvolt","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=73555","title":{"rendered":"BMW cancels $2 billion EV battery cells contract with Northvolt – Autoblog"},"content":{"rendered":"

BERLIN \u2014 German premium carmaker\u00a0BMW\u00a0<\/span>said on Thursday it had canceled a 2 billion euros ($2.15 billion) order for battery<\/a> cells for its electric vehicles<\/a> with Northvolt.<\/p>\n

German media, including Manager magazine, reported that the Swedish company could not deliver on time on a long-term supply contract for battery cells signed in 2020.<\/p>\n

“Northvolt and the\u00a0BMW\u00a0<\/span>Group have jointly decided to focus Northvolt’s activities on the goal of developing next-generation battery cells,” said\u00a0BMW<\/span>. Presumably BMW<\/a> will now turn to other suppliers for its immediate needs. It makes some EV batteries in-house and also has contacts with big Asian suppliers like CATL.<\/p>\n

“The\u00a0BMW\u00a0<\/span>Group continues to have a strong interest in establishing a high-performance manufacturer of circular and sustainable battery cells in Europe,” it said.<\/p>\n

Northvolt did not immediately respond to Reuters’ request to comment.<\/p>\n","protected":false},"excerpt":{"rendered":"

BERLIN \u2014 German premium carmaker\u00a0BMW\u00a0said on Thursday it had canceled a 2 billion euros ($2.15 billion) order for battery cells for its electric vehicles with Northvolt. German media, including Manager magazine, reported that the Swedish company could not deliver on time on a long-term supply contract for battery cells signed in 2020. “Northvolt and the\u00a0BMW\u00a0Group […]<\/p>\n","protected":false},"author":1,"featured_media":73556,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[6],"tags":[],"class_list":["post-73555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-workers-unions"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/73555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=73555"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/73555\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/73556"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73555"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}