Northvolt bankruptcy puts future of German battery factory
Map show original expansion plan with colored dots: red for non-operational plants (Drei, Six), green for operational (Ett), yellow for no longer Northvolt-financed (Hydrovolt, NOVO), and blue for ...
STOCKHOLM—Truck maker Scania agreed to buy Northvolt’s heavy industry business, as the battery maker continues to work through a restructuring process. “This acquisition will provide access ...
Investment Management Corp. of Ontario has written down its $400 million investment in Northvolt AB, the electric vehicle battery maker that filed for bankruptcy protection last year, according to ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Northvolt has agreed to sell its industrial battery unit to Swedish truckmaker Scania, as Europe’s ...
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 ...
Northvolt’s Systems Industrial division is engaged in providing battery modules and systems for various industries. Credit: Northvolt AB. Sweden’s Northvolt has agreed to divest its Systems ...
While Northvolt didn't directly name Scania in its statement, the Swedish truck manufacturer confirmed to Reuters that it was the buyer. Scania said the unit would be integrated into its power ...
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