The newly acquired division will operate as an independent entity within Scania Ventures and New Business, serving as a ...

Fuelled by $15bn in financing, Northvolt was supposed to be Europe’s great battery success story — a homegrown champion capable of competing with Asian and American giants. So when ...

Swedish electric car battery maker Northvolt has filed for bankruptcy in Sweden, dealing a blow to European efforts to challenge Asia's dominance in the key sector. Founded in 2016, Northvolt has ...

[Stay on top of transportation news: Get TTNews in your inbox.] Bankrupt battery maker Northvolt AB will continue to operate in Sweden with a staff of 1,700 while its remaining employees will be ...

Northvolt, once seen as Europe’s best hope for a strong battery industry, has filed for bankruptcy in Sweden. The company, which aimed to create the “world’s greenest battery,” struggled ...

Scania Power Solutions head Sara Hermansson said: “Northvolt Systems Industrial Division brings valuable expertise in battery technology and assembly. “Their capabilities strengthen our ...

Scania today announced the acquisition of the Industrial Division of Northvolt Systems, including production capabilities, a ...

STOCKHOLM, April 11 (Reuters) - Volkswagen's (VOWG.DE), opens new tab truckmaker Scania said on Friday it had agreed to buy bankrupt Northvolt's division that makes battery packs for heavy ...