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

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 ...

(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 ...

The collapse of battery maker Northvolt AB helped drive the number of bankruptcies in Sweden to the highest level for the month of March since 1994. A total of 923 limited liability companies went ...

Northvolt filed for bankruptcy last month after burning through $15 billion. The Swedish EV battery maker was considered Europe's best hope for a homegrown battery manufacturer. Europe's battery ...

The Northvolt Ett factory in Skellefteå photographed in November 2024. Photo: Judit Nilsson/SVD/TT "The whole lot of them have chosen to go," an official at the registration office told the ...

‘We have a completely wrong policy framework in Europe that doesn’t help companies like Northvolt,’ says Julia Poliscanova of advocacy group Transport & Environment General consensus is that ...

From Tuesday to Friday this week, former Northvolt employees received assistance and support at The Great Northern. Skellefteå municipality organised these information days in collaboration with other ...

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 ...