The company has been in financial difficulties for some time, partly due to fierce competition from Chinese manufacturers. Northvolt is also struggling with car manufacturers who are scaling back the production of electric cars due to declining demand. For example, BMW cancelled an order worth 2 billion euros with Northvolt in May for this reason. Northvolt previously announced that it was scrapping its plans for a new factory in Sweden. In Sweden, the company is under supervision of the authorities due to concerns about occupational safety at its production sites. The police are investigating several unexplained deaths of workers who died after working at the factory in Skellefteå.
Source: www.autoweek.nl
