Swedish automotive company Volvo Cars Corp. notified Northvolt AB, a partner in the NOVO Energy joint venture, of its intention to use the pre-emptive share repurchase right to acquire full control ...

Over the past few years, electric vehicle (EV) manufacturing facilities producing lithium batteries and EV car parts were ...

Scania has been confirmed as the purchaser Northvolt Systems Industrial, following news of an unnamed buyer in February ...

Swedish truck maker Scania acquired Northvolt’s heavy industry business after reaching an agreement with the company’s bankruptcy trustee. A deal had been struck to buy the business earlier ...

STOCKHOLM (Reuters) - Volkswagen's truckmaker Scania said on Friday it had agreed to buy bankrupt Northvolt's division that makes battery packs for heavy industry, reviving a transaction first ...

Northvolt’s bankruptcy trustee said on Monday it had reached an agreement in principle with key stakeholders in the electric vehicle battery maker for financial guarantees allowing the company ...

Now we know. Following Northvolt's bankruptcy, the factory will lose more than half its workforce. What was once Sweden's great green industrial hope now faces potential collapse. For Skellefteå, ...

(Bloomberg) -- Bankrupt battery maker Northvolt AB will continue to operate in Sweden with a staff of 1,700 while its remaining employees will be laid off. “Despite significant reductions ...

STOCKHOLM: Northvolt has held talks with a big industrial company on selling the business that makes electric battery packs for heavy industry, as a lack of funds forces it to try to divest one of ...