News

February 18, 2025

Northvolt sells industrial battery business to Scania

COO says the move will help ensure Northvolt’s ‘future success’

Freya Pratty

2 min read

Swedish gigafactory Northvolt, which declared itself bankrupt in November last year, has sold its industrial battery division to truck manufacturer Scania, which is both a customer and shareholder of Northvolt.

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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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