Scania in Talks to Form Consortium to Buy Northvolt's R&D Lab, FT Says, Citing CEO

Dow Jones

Jun 11

--Scania wants to form a consortium to buy Northvolt's research laboratory to retain critical battery expertise in Europe, the Financial Times reports, citing the Swedish truck company's chief executive.

--Scania is in talks with other investors including the Swedish government and European Commission to buy Northvolt Labs, the Swedish battery maker's R&D department, out of bankruptcy, the report says, citing Scania CEO Christian Levin.

--Northvolt's bankruptcy trustee didn't immediately respond to a request for comment, the FT says.

Full story: https://tinyurl.com/wfwdauty

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

June 11, 2025 02:01 ET (06:01 GMT)

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