Scania committed to buying Northvolt's battery pack business despite bankruptcy
ReutersMar 12, 2025 12:42 PM
STOCKHOLM, March 12 (Reuters) - Truckmaker Scania still intends to buy Northvolt's battery pack business despite the Swedish battery maker having declared bankruptcy on Wednesday, a Scania spokesperson told Reuters on Wednesday.
Northvolt, an electric vehicle battery cell maker, filed for bankruptcy on Wednesday, bringing to an end Europe's best hope of developing a rival to major Asian EV battery players.
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