This may indicate some sort of hardware issue with the laptop especially if it occurs all the time. It is not unusual to see this happen from time to time....just one of the many quirks of these newer Macs, but I've never seen it occur all the time.
Try an SMC Reset (make sure to read the instructions since the process has changed for the 2018+ Intel Macs).
Try a PRAM Reset (hold for at least two chimes if possible....sometimes it is not possible to get the second chime....yet another quirk).
With a 2018+ laptop, you can also try to "Revive" the firmware, but I've never personally seen the "Revive" do anything to resolve issues with any of our organization's laptops. Even the data destructive firmware "Restore" rarely fixes anything unless the T2 chip is corrupt.
Revive or restore an Intel-based Mac using Apple Configurator - Apple Support
Make sure to disconnect all external devices in case one of them is causing a problem. Also, make sure to connect the power adapter directly to the laptop since adapters/docks/hubs may not allow the full power of the charger to reach the laptop. Also make sure you are using the 96W power adapter. Maybe even unplug the power adapter from the electrical outlet for a minute to reset the charger's internal circuitry. Try connecting the charger to another USB-C port especially on the other side of the laptop and try another charging cable.
If none of this helps and you get this red battery icon all the time when attempting to power on the laptop, then you most likely have a hardware issue with the laptop which will need to be repaired. The best you could hope for is a damaged USB-C port which may involve just replacing an I/O Board (inexpensive part, but labor intensive repair).
Otherwise, most likely the Logic Board is failing, or it may just be the Battery (or maybe both since the laptop is getting to the age where a battery may be wearing out or starting to actually fail).
If I were you, I would get rid of this laptop rather than attempt to have it repaired unless it is just a bad I/O Board(s). The money spent on any other repairs would be better spent towards the purchase of another laptop since the 2019 model (especially the 16" model) seems to have a lot of Logic Board failures. I've seen a lot of our organization's 2019 Apple laptops with Logic Board failures, plus I've seen a lot of reports on these Apple forums where users have had to replace the Logic Boards on the 2019 models at a much higher rate than any other model (especially the 16" model). This is the advice I give to our organization, but the choice is yours of course.