My Macbook Pro M1 2020 is not starting up without being plugged in and battery icon shows a cross with fans turned on

My MacBook Pro 2020 M1 is showing some issues related to battery. Earlier, its battery health started falling abnormally from 95 to 85 percent while charge cycle counts being 124 only. Now it wont open up without being plugged in and the fans also start when turned on. The battery shows a cross icon. It seems this is repeated issue with some M1 MacBooks which Apple hasn't identified yet. If someone else has found a solution to this issue please help.

My Macbook Pro M1 2020 is not starting up without being plugged in and battery icon shows a cross with fans turned on

My MacBook Pro 2020 M1 is showing some issues related to battery.

Earlier, its battery health started falling abnormally from 95 to 85 percent while charge cycle counts being 124 only.

Now it wont open up without being plugged in and the fans also start when turned on.

The battery shows a cross icon.

It seems this is repeated issue with some M1 MacBooks which Apple hasn't identified yet.

If someone else has found a solution to this issue please help.