Scania offered $6 million for the unit in February Northvolt bankruptcy meant deal was halted An unnamed consortium earlier made higher bid Bankruptcy trustee responsible for deciding on any asset ...

Swedish commercial vehicle maker Scania and Swedish battery startup Northvolt today unveiled a battery cell that they claim can power a heavy electric truck for 1.5 million kilometers (932,056 miles).

Scania, part of Volkswagen’s truck unit Traton, had in February offered to buy Northvolt Systems Industrial for $6-million, but the bankruptcy put the plan on hold.

Swedish truck maker Scania will launch a €2 billion (US$2.28 billion) Chinese production hub in October, its third global manufacturing base alongside facilities in Sweden and Brazil, according ...