Northvolt faces financial and market credibility challenges

With the launch of the New Class platform, BMW plans to switch from prismatic batteries used in its i series models to cylindrical batteries. This shift is inconsistent with Northvolt's production plan and may lead to a mismatch in demand between the two parties. Swedish battery manufacturer Northvolt is facing dual pressures of financial and market credibility due to failure to fulfill its contract with BMW on time and battery quality not meeting expected standards. Although Northvolt has stated that it will continue to cooperate with BMW, the loss of large orders will undoubtedly pose a challenge to its future development.