EV battery developer and maker Northvolt hasn’t met some in-house production goals and has cut output at its battery cells plant in Sweden, Reuters reported Monday, citing company documents and company sources.

Northvolt is facing challenges in meeting its production targets for battery cells, struggling with missed goals and production issues. Despite ambitious plans, the company has cut staff, considered bankruptcy,

By Marie Mannes Embattled green tech player Northvolt has missed some in-house targets and has curtailed production at its battery cells plant in northern Sweden, according to internal company documents and company sources,

Yet, the industry faces challenges, with one of its leading players now considering bankruptcy amid financial struggles. Northvolt, a Swedish company once seen as a cornerstone of Europe’s battery production efforts,