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 ...

In Heide, Germany, a Northvolt battery plant for electric vehicles is under construction and scheduled to open in 2026, despite uncertainty following the bankruptcy of its Swedish counterpart. The ...

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 ...

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.

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 ...

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 ...

‘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 ...

Europe has been promoting battery localization led by the largest regional corporation, Northvolt, but with Northvolt filing for bankruptcy, there is a need to procure batteries from countries ...

The company incurred a loss of 13 million kronor following Northvolt’s bankruptcy and now has numerous vacant rooms available for rent. Only a few hundred of the 1,200 rooms are currently occupied.