Scania confirms buyout of Northvolt battery division

By / / Automotive / 1 minute of reading


Scania will leverage Northvolt’s industrial battery division to further its ambitions in the off-road heavy duty segment. By Stewart Burnett

 

Scania confirmed on 11 April that it has acquired Northvolt Systems Industrial, the sole profitable division of embattled Swedish battery manufacturer Northvolt. The deal was finalised with the bankruptcy trustee overseeing Northvolt’s restructuring process; financial terms of the transaction were not disclosed.

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Scania confirms buyout of Northvolt battery division



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