Saturday, 18 January 2025

Focus on Scania

FILE PHOTO: A logo is displayed on battery maker Northvolt's energy storage system plant in Gdansk, Poland,  October 21, 2024. REUTERS/Marie Mannes/File Photo
BusinessEconomyElectric Vehicles (EVs)FinanceNews

Northvolt owners vote to stay operating while seeking financial rescue

Northvolt shareholders back restructuring as Swedish battery maker seeks $1B funding to overcome financial struggles.

FILE PHOTO: A general view of Northvolt facility in Skelleftea, Sweden is seen in this undated handout photo. Northvolt/Handout via REUTERS/File Photo
BusinessElectric Vehicles (EVs)NewsSemiconductor

Sweden’s Northvolt files for bankruptcy, in blow to Europe’s EV ambitions

Northvolt files for U.S. Chapter 11 bankruptcy, seeking to restructure $5.8B debt while securing $245M to sustain European battery hopes.

FILE PHOTO: Logo of Swedish carmaker Scania is displayed on a truck at the IAA truck show in Hanover, Germany, September 17, 2024. REUTERS/Fabian Bimmer/File Photo
BusinessEconomyElectric Vehicles (EVs)IndustryManufacturingNewsSemiconductor

Scania says it will lend Northvolt $100 million under US Chapter 11 bankruptcy deal

Swedish truckmaker Scania will lend Northvolt $100 million as part of the struggling battery maker's U.S. Chapter 11 bankruptcy protection deal.

A general view of the remote Northvolt facility in Skelleftea, Sweden surrounded by snow.
AutomotiveBusinessElectric Vehicles (EVs)ManufacturingNews

Crisis-hit EV battery champion Northvolt struggles to hit production targets

Northvolt, a key player in Europe’s EV battery market, struggles with production, curtails output, and faces financial woes.

FILE PHOTO: Northvolt logo is pictured in the Northvolt office in Stockholm, Sweden June 14, 2018. REUTERS/Esha Vaish/File Photo
AutomotiveBusinessCritical MineralsElectric Vehicles (EVs)FinanceManufacturingMiningNews

Northvolt: Cash-strapped EV-battery maker in talks for 200 million euros in funding

Northvolt announced job cuts, raising fears that Europe's top EV battery hope may falter amid low demand and Chinese competition.

FILE PHOTO: Visitors stand at the booth of Volkswagen's truck unit Traton Group, former Volkswagen Truck & Bus AG, in Hanover, Germany September 19, 2018. REUTERS/Fabian Bimmer/File Photo
BusinessElectric Vehicles (EVs)ManufacturingNews

Volkswagen’s electric truck unit Traton plans to increase profitability by 2029

Volkswagen's Traton aims to boost electric truck sales, grow revenue by 20-40 per cent, and repay debt over the next five years.

Visitors gather around an electric Scania truck by the Swedish carmaker at the IAA truck show in Hanover, Germany, September 17, 2024. REUTERS/Fabian Bimmer
AutomotiveElectric Vehicles (EVs)NewsTransport

Truckmakers ready to go electric, but what about charging?

Major truck manufacturers say they are ready to go electric, but call for massive investments in charging infrastructure.

FILE PHOTO: Visitors stand at the booth of Volkswagen's truck unit Traton Group, former Volkswagen Truck & Bus AG, in Hanover, Germany September 19, 2018. REUTERS/Fabian Bimmer/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

Scania CEO says committed to Northvolt despite cutbacks, delivery issues

Scania says it is committed to using Northvolt as the truckmaker's single battery supplier despite recent production and delivery problems.

FILE PHOTO: Employees work at the Northvolt facility in Vasteras, Sweden, September 29, 2021. REUTERS/Helena Soderpalm/File Photo
AnalysisElectric Vehicles (EVs)PoliticsStorage

Struggling Northvolt stokes fear for Europe’s battery future

Northvolt's decision to cut jobs and scale back operations raises doubts about Europe's bid for a leading EV battery maker.

AnalysisElectric Vehicles (EVs)EmissionsOpinionTransport

Emissions impossible? How the transport sector can help make the 2050 net-zero goal a reality

Meeting Canada’s ambitious net-zero emissions target by 2050 necessitates significant technological, behavioural and systemic changes in the transportation sector, a major contributor to...

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