Scania, Northvolt and Systems Industrial

Northvolt to divest heavy industry battery business to Scania
Sweden's Northvolt has agreed to divest its Systems Industrial division, a key developer and manufacturer of battery systems for heavy industry sectors. Northvolt’s Systems Industrial division will be acquired by truckmaker Scania,
Scania Agrees to Buy Northvolt’s Heavy Industry Battery Business
Scania agreed to buy Northvolt’s heavy industry business as the battery maker continues to work through a restructuring process.
Northvolt to sell industrial battery unit to Scania
Northvolt has agreed to sell its industrial battery unit to Swedish truckmaker Scania, as Europe’s troubled battery maker steps up restructuring to shore up its finances.
Scania acquires Northvolt’s industrial battery business
Swedish truck manufacturer Scania is set to acquire Northvolt’s Systems Industrial division, a battery system developer for heavy industry, as part of Northvolt’s strategic shift towards large-scale cell manufacturing, Reuters reported.
Northvolt sells module production to Scania
Northvolt has signed a letter of intent with an unnamed industrial group to acquire the Northvolt Systems Industrial division, which develops and produces
Northvolt sells heavy industry battery business to truckmaker Scania
Sweden's Northvolt has agreed to sell a business that makes electric battery packs for heavy industry, one of its few profitable units, to its customer and partner Scania, the two companies said on Tuesday,
Northvolt sells heavy industry battery-pack business to Scania
According to Reuters, Northvolt has sold its industrial battery pack division to long-time customer and partner Scania.
RTE Online1d
Northvolt asks for extension of Chapter 11 process
Sweden's Northvolt said today it had asked for an extension in its bankruptcy protection process in the US, as the ...
Volvo Cars says it will pay Northvolt almost nothing for battery joint venture stake
Volvo Cars will pay Northvolt almost nothing for its 50% stake in their battery venture Novo Energy that it had agreed to ...
The Local1d
Sweden's Northvolt asks for extension of bankruptcy protection process
Sweden's troubled battery maker Northvolt has asked for an extension in its Chapter 11 process in the United States.
Ontario Fund Writes Down $400 Million Investment in Northvolt
Investment Management Corp. of Ontario has written down its $400 million investment in Northvolt AB, the electric vehicle ...
Swedish AP Funds Write Off Entire $531 Million Northvolt Bet
Sweden’s state-owned pension fund AP2 has written down its entire stake in bankrupt battery maker Northvolt AB, according to ...
Fully loaded ATN1d
Northvolt secures buyer for Systems Industrial division
Northvolt has sold its Systems Industrial division to an unnamed buyer as it continues to streamline its operations ...
norran3d
Battery drain - Northvolt's billions vanish in write-downs
In just over a month, battery manufacturer Northvolt has made huge losses, according to Sveriges Radio Ekot. – Almost ...
Macau Business5d
ANALYSIS – Rise and fall of Northvolt
Fears of non-compliance with financial obligations reached such a dimension that on 11 October 2024 Northvolt was forced to ...