Sweden’s Northvolt sells heavy industry battery business to truck maker Scania

Sweden’s Northvolt sells heavy industry battery business to truck maker Scania

The sale of the business unit, known as Northvolt Systems Industrial, follows divestments to Norsk Hydro and Volvo Cars

Scania is buying a Northvolt factory in Poland. SvD was first to report this, which has now been confirmed by Scania, according to the news agency Reuters. The purchase of the Northvolt Battery Systems factory, located in Gdansk, raises questions, according to SvD, about Scania's plans to buy the battery company.

Truck giant Scania is buying a factory from bankrupt Northvolt. It is the plant in Poland that will be purchased, SvD learns. The deal raises the question of whether Scania will take over all of Northvolt.

Scania to acquire Northvolt's industrial battery pack division - Sustainable Truck&Van

Swedish EV battery maker Northvolt has sold its industrial battery pack division to long-term partner Scania. Indeed, Scania has been cooperating with Northvolt for quite a long time, with Scania people recently helping out Northvolt by spending time at the Swedish production plant. On February 18th, Northvolt actually released an official statement in which the battery maker did not mention Scania as the counterpart of the agreement. Later on, …

Northvolt sells everything out of the core business 2025-02-18 15:21:00 The Swedish battery manufacturer Northvolt, most recently bankrupt due to the lack of... The post Northvolt sells everything out of the core business appeared first on World News.

Scania takes over Northvolt's heavy-duty battery pack business amid restructuring - Sustainable Bus

Swedish battery manufacturer Northvolt has reportedly sold its industrial battery pack division, Northvolt Systems Industrial, to long-time customer and partner Scania. The deal, confirmed by the Swedish truckmaker to Reuters, marks another step in Northvolt’s restructuring efforts as it seeks to streamline operations and stabilize its financial position. The terms of the transaction, including the sale price, have not been disclosed by either c…