💨 Abstract

Northvolt, a green tech company, has missed internal production targets at its battery cell plant in Sweden, according to company documents and sources. The company is facing challenges in ramping up output, with weekly production goals for shippable cells frequently missed since early September. The company declined to comment on its current production targets but said they are based on contracted customer deliveries. The company has been discussing the possibility of filing for Chapter 11 bankruptcy protection.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖