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EV battery maker Northvolt files for bankruptcy in Sweden

"Like many companies in the battery sector, Northvolt has experienced a series of compounding challenges in recent months that eroded its financial position, including rising capital costs, geopolitical instability, subsequent supply chain disruptions, and shifts in market demand", stated the Swedi...

Scania to acquire Northvolt’s industrial battery pack division

On February 18th, Northvolt actually released an official statement in which the battery maker did not mention Scania as the counterpart of the agreement. Later on, the deal has been confirmed by the Swedish truckmaker to Reuters. It marks another step in Northvolt’s restructuring efforts as it seek...

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batteries

Battery recycling, Mercedes-Benz will build its own plant in Germany

Construction of the plant is in two stages. Initially, a plant for mechanical dismantling will be constructed by 2023. As a second step - subject to promising discussions with the public sector - the facilities for hydrometallurgical processing of the battery materials are to go into operation. This...
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