Scania buys the Northvolt industrial battery unit, reviving a $6M deal halted by Northvolt’s recent bankruptcy.
The unit makes battery systems for heavy-duty sectors, employs 260 people, and will continue operations under Scania.
Northvolt’s collapse—due to...
Swedish EV battery manufacturer startup, Northvolt, which includes significant shareholders such as Volkswagen, Scania, and Goldman Sachs, has filed for bankruptcy in the country.
It follows Northvolt filing Chapter 11 bankruptcy in the U.S., back...
