I somehow feel like the battery health percentage on istat menus isn't accurate for M1 macs.
Saying this because I'm currently on a new M1 MBA I got yesterday with 2 battery cycles, and istat menus is telling me the health is 2% and the condition is "Service Battery". The MacOS system information, on the other hand, tells me the maximum capacity (is this the same as battery health?) is 100% and the condition is "Normal".
I'm inclined to trust the MacOS system information over the istat menus information given that this is a brand new M1 MBA, and the battery is certainly behaving more like being at 100% than 2%!