Scania committed to buying Northvolt's battery pack business despite bankruptcy-September 2024-www.financetom.com

Scania committed to buying Northvolt's battery pack business despite bankruptcy

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Scania committed to buying Northvolt's battery pack business despite bankruptcy

Mar 12, 2025 6:01 AM

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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