Scania to acquire Northvolt's heavy industry battery packs unit

By Yahoo! Finance   |   4 weeks ago
Scania to acquire Northvolt's heavy industry battery packs unit

Scania, a subsidiary of Volkswagen, has acquired the Industrial Division of Northvolt Systems to enhance its off-road electrification capabilities. The deal includes a production facility, R&D center, and around 260 employees, strengthening Scania's battery technology expertise for heavy industry applications.

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