Truckmaker Scania is willing to go ahead with purchasing the only profitable business of bankrupt battery maker Northvolt for $6 million, it said on Wednesday.

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.

STOCKHOLM–Swedish battery maker Northvolt filed for bankruptcy in Sweden after it failed to secure the financial backing needed to continue operating.A Swedish court-appointed trustee will now oversee ...

Scania said on Monday it had secured a new supply of battery cells in addition to its deal with Northvolt, as the Swedish truckmaker warned it will miss its 2025 targets to cut emissions due in part ...

Swedish truckmaker Scania, a shareholder and customer of beleaguered battery maker Northvolt, is said to have secured an additional supplier of battery cells ...

Swedish truck manufacturer Scania has secured an additional supply of battery cells to complement its existing deal with Northvolt, reported Reuters. This move comes as Scania faces challenges in ...

Beyond business, Sweden is increasing its academic engagement with Kazakhstan. The Stockholm School of Economics, a globally ranked institution, plans to collaborate with Maqsut Narikbayev University ...

Truckmaker Scania remains committed to acquiring Northvolt's battery pack business after the battery manufacturer declared bankruptcy. The original $6 million deal, which included taking over debt and ...

The Swedish battery maker had for months attempted ... appointed by the court to oversee the bankruptcy process, would talk to Scania as well as to any other suitors to determine if a sale can ...

Northvolt, the Swedish maker of battery cells for electric vehicles, said today it has filed for bankruptcy in Sweden, ...