This is a Northvolt news story, published by MSN, that relates primarily to Peter Carlsson news.
For more Northvolt news, you can click here:
more Northvolt newsFor more Peter Carlsson news, you can click here:
more Peter Carlsson newsFor more consumer electronics news, you can click here:
more consumer electronics newsFor more news from MSN, you can click here:
more news from MSNOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best tech news, business news, entertainment news, and much more. If you like consumer electronics news, you might also like this article about
European battery industry. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest global battery cells production news, electric vehicle battery champion news, consumer electronics news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Swedish battery material recycling businessReuters
•
77% Informative
Northvolt's shock decision this week to shrink its operations sparks fears that Europe 's best shot at a home-grown electric vehicle battery champion may stall.
Struggling with order delays and the loss of a $2 billion BMW contract in June , CEO and ex-Tesla executive Peter Carlsson said on Monday the company he co-founded in 2016 would stop producing cathode active material ( CAM ) - a crucial battery component.
Northvolt has had problems in manufacturing high-quality batteries in high volumes to meet its ambitious targets while fighting Chinese rivals.
Customers have been nervously following the situation, a source at one industry player and an industry expert said.
Volvo Cars said its joint venture with Northvolt was still part of its strategy and said it could not add further comment.
Northvolt 's challenges could delay a planned listing to next year or the following one, one source said.
VR Score
87
Informative language
93
Neutral language
44
Article tone
formal
Language
English
Language complexity
63
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links