In a moment of shifting power dynamics, Europe’s battery ambitions buckle with Northvolt’s collapse, deepening reliance on Asian suppliers as CATL eyes its Swedish factory. Meanwhile, France’s nuclear ...

Industrial battery manufacturer Northvolt sold the Northvolt Systems Industrial business unit to truck manufacturer Scania to achieve operational efficiency and cost reduction. The transfer of ...

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 ...

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 Systems Industrial was founded by Northvolt in 2018 and currently employs around 300 people at a prototype facility for battery systems in Stockholm and at the production facility in Gdansk.

Embattled European battery manufacturer Northvolt has signed a Sale and Purchase Agreement with “an unnamed leading industrial group” for the acquisition of Northvolt Systems Industrial Development.

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 ...

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 ...

The Development Research Group is the World Bank's principal research department. With its cross-cutting expertise on a broad range of topics and countries, the department is one of the most ...

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—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 ...