BMW, a German car manufacturer, has announced the cancellation of a 2 billion euro order for batteries for its electric vehicles with Northvolt. Reports from German media, including Manager Magazine, indicate that the Swedish company failed to deliver on time as expected in a long-term supply contract for battery cells signed in 2020. According to BMW, both Northvolt and the BMW Group have decided to shift focus towards developing next-generation battery cells. The BMW Group continues to express strong interest in establishing a high-performance manufacturer of circular and sustainable battery cells in Europe.
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