Exclusive-Scania tries to breathe life into troubled EV battery maker Northvolt

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Exclusive-Scania tries to breathe life into troubled EV battery maker Northvolt - Channel News Asia

Quick Summary:

STOCKHOLM : Truckmaker Scania has stepped in to help Northvolt with the day-to-day running of its flagship plant in northern Sweden, a last-ditch effort to boost quality and output at the struggling electric vehicle battery maker as it scrambles to secure funds.

Contacted by Reuters with its findings, Northvolt said it is common practice for a carmaker to be involved in a supplier's production, adding it was particularly thankful for its trusted partnership with Scania.

Scania, controlled by Volkswagen's commercial vehicles arm Traton Group, depends on Northvolt for battery cells for its e-trucks and owns a stake in the Swedish green tech player.