Two unpublished documents reviewed by Reuters show Northvolt has since early September been consistently missing weekly production goals for shippable cells
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, underscoring the challenge of ramping up output.
Hailed as Europe’s best chance to weaken China’s overwhelming dominance of the electric vehicle battery market, Northvolt fired a fifth of its global workforce and shrank its operations in September to stay afloat. The Swedish company, led by former Tesla executive Peter Carlsson, has yet to make a profit.
For example, in the week starting Oct. 21, the company delivered just 22,000 cells deemed shippable against a target of 30,000, the documents, which listed weekly goals until the year-end, show. In the week ending Nov. 10, there were “more than 20,000 shippable cells”, the company told Reuters. The company publicly launched the strategic review in July and started to publish its results as of Sept. 9. Key actions undertaken as part of the review included adjustments to customer orders and reduction in shift patterns.
Weekly production sheets reviewed by Reuters show the company has assembled more than 51,000 good cells per week only once between the end of August and early November. In the week ending Nov. 10, the last week Reuters has data for, it assembled around 26,000. “Naturally, following installation we have a period of commissioning, during which machines are fine-tuned and calibrated,” the company said. It added that its staff was the most experienced among all Europe-based battery manufacturers.
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