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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

[VIDEO] Scania inaugurates battery assembly facility in Södertälje

The battery assembly will employ 550 people and is highly automated, from incoming goods throughout production to delivery. "With the battery assembly in operations we have one of the key enablers in place to accelerate the shift to electrification", said Christian Levin, President and CEO Scania an...
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