Northvolt said the sale of the unit, which employs around 300 people, is subject to regulatory clearances and the execution of binding agreements. Sweden's Northvolt has agreed to sell a business ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Northvolt has agreed to sell its industrial battery unit to Swedish truckmaker Scania, as Europe’s ...

Northvolt’s Systems Industrial division is engaged in providing battery modules and systems for various industries. Credit: Northvolt AB. Sweden’s Northvolt has agreed to divest its Systems ...

Northvolt sought U.S. Chapter 11 bankruptcy protection last November as its cash pile dwindled, in a bid to secure funds to fix persistent problems in boosting output at its flagship plant in ...

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 ...

STOCKHOLM (Reuters) - 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 ...

Northvolt is seeking to restructure its business. Photo: Henrik Montgomery/TT Sweden's troubled battery maker Northvolt has asked for an extension in its Chapter 11 process in the United States.

Northvolt spokesman Erik Zsiga told AFP the company had requested an extension, but still aimed "to finalise the Chapter 11 process in the first quarter." "But we also need to act to have ...

This annual deficit is the first since its establishment. The bankruptcy proceedings initiated suddenly by Northvolt Ett Expansion AB, a key customer in the battery equipment institutional sector ...

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 ...

While Northvolt didn't directly name Scania in its statement, the Swedish truck manufacturer confirmed to Reuters that it was the buyer. Scania said the unit would be integrated into its power ...

STOCKHOLM—Truck maker Scania agreed to buy Northvolt’s heavy industry business, as the battery maker continues to work through a restructuring process. “This acquisition will provide access ...