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Battery Maker Northvolt Misses Production Targets

  • Swedish battery start-up Northvolt has been consistently missing internal production targets since September
  • The company has been producing around 20,000 shippable cells per week, well below the target of 100,000 per week by the end of the year
  • In one week, Northvolt reached the target of 51,000 deliverable cells only once
  • Production at one of Northvolt's manufacturing buildings was suspended in late October and the company has cut costs by ending its 24/7 production cycle

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