Scania is trying to save the European battery company Northvolt

Scania is trying to save the European battery company Northvolt

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Scania is trying to save the European battery company Northvolt





Scania is trying to save the European battery company Northvolt



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Europe’s leading electric vehicle battery manufacturer NorthvoltSwedish truck manufacturer while struggling with the financial crisis Scania It started to support the company in production processes. In the main factory of Northvolt in Skelleftea, Sweden, Scania personnel come into play in order to increase their production quality and capacity.

According to the internal correspondence of Northvolt examined by Reuters, Scania has been sending its employees to the factory since November. Improvement of Operations ve Increasing production provides support. According to those transferred, this facility is required to produce 100 thousand quality cells every week. On the other hand, Scania’s interest in Northvolt is not new. The company has been investing in the battery manufacturer for a long time and is one of its biggest customers.

However, the fact that Scania is directly involved in the production process enables its decomposition from other customers. Scania refused to give more details while confirming his support. In addition, it is unclear how much staff sent Scania to the production facility. It was previously reported that 2,500 people worked in the facility here.

Time narrows for Northvolt




Scania is trying to save the European battery company Northvolt



See in full size


Northvolt, which is seen as the biggest example of Europe’s desire to create an indigenous giant in terms of electric vehicle batteries, has shrunk to a great extent last year and collapsed due to the permanent quality concerns of the financing negotiations with investors and creditors, including Scania, Goldman Sachs and Volkswagen. He also applied for bankruptcy in the United States. It is stated that the company needs an additional fund of approximately $ 1.29 billion to maintain its operations.

Volkswagen’s commercial vehicle handle is controlled by the Traton Group, Scania is connected to Northvolt for the battery cells of e-Camies. As part of the bankruptcy agreement, Scania committed 100 million dollars to Northvolt, while Volkswagen is the largest investor of Northvolt with its 21 percent stake.