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

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 ...

Some Northvolt customers have been setting aside plans for building out their EV capacity. Last month, Volvo Cars abandoned a target to sell only fully electric cars and Volvo Trucks said it was ...

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

The Swedish company Northvolt was placed under bankruptcy protection ... and investments from major automakers, including BMW and Volvo. Goldman Sachs was also involved. However, despite a ...

In addition to his regular coverage of regional corporate heavyweights such as Ericsson, Nokia, H&M and Volvo, he frequently ... truck maker Scania acquired Northvolt’s heavy industry business ...

Scania is investing in the electrification of freight transport through the acquisition of the industrial division of Northvolt Systems, a company that develops and produces batteries for vehicles and ...

Northvolt's $15 billion collapse shook the cleantech industry. Its bankruptcy highlights risks in ambitious electric vehicle battery production. Redwood Materials is taking a different approach ...

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, it is positive that ...

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 ...

Volvo Group’s North American truck operations are set to lay off about 1,000 employees in the coming weeks, CEO Martin Lundstedt said April 23. Lundstedt dropped the bombshell in the final ...

Credit: Scania. Scania, the truck manufacturing subsidiary of Volkswagen, has agreed to acquire Industrial Division of Northvolt Systems to strengthen its off-road electrification capabilities.