Scania will still use Northvolt batteries for its electric truck despite the battery maker trouble
“We are now shifting over. For the future, all of our currently sold battery electric vehicles will come with Northvolt cells,” Christian Levin said in a call with reporters on Monday, according to Bloomberg. In addition, Northvolt may soon receive about $300 million as a short-term financial boost.
During an interview reported by Bloomberg, Scania and Traton Group CEO, Christian Levin, has confirmed that the Swedish truck manufacturer will keep on using Northvolt batteries to equip its electric trucks. “We are now shifting over. For the future, all of our currently sold battery electric vehicles will come with Northvolt cells,” Christian Levin said in a call with reporters on Monday, according to Bloomberg. The volumes Northvolt is currently supplying to Scania are “satisfactory to us given the total market right now”.
Scania to support Northvolt in the near future
The Volkswagen group, to which Scania belongs, is the major shareholder of the Northvolt project, thus offering support during the crucial scale up phase. As we wrote in the last few weeks, Northvolt is facing liquidity issues, mainly due to the withdraw of some valuable orders in the last months. The Swedish company was recently forced to declare bankruptcy for one of its companies, Northvolt Ett Expansion, as well as fire about 1,600 people in Sweden.
Now, Northvolt may soon receive about $300 million as a short-term financial boost. Electrive reports that “it is still unclear whether the deal will actually be finalised next week: due to the complex documentation for the deal with customers, investors and lenders, the final steps could still take some time”. Indeed, such an amount of money would be paramount to make the battery maker go on with its business and achieve the key target to manufacture battery cells in Sweden to serve the European automotive market.
