Scania wants to form a consortium to buy Northvolt’s research laboratory to retain critical battery expertise in Europe, the Swedish truck company’s boss has said.
Christian Levin told the Financial Times that Scania was in talks with other investors including the Swedish government and European Commission to buy Northvolt Labs, the beleaguered Swedish battery maker’s R&D department, out of bankruptcy.
“We are trying to form a consortium [that] would part-finance that but we cannot do that alone, it’s simply too much even for a big company like ours,” Levin said.
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