Volkswagen's Scania buys bankrupt Northvolt's heavy industry battery packs unit
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Volkswagen's truckmaker Scania said on Friday it had agreed to buy bankrupt Northvolt's division that makes battery packs for heavy industry, reviving a transaction first presented in February, for an undisclosed price.
Sweden's Northvolt filed for bankruptcy last month in one of the country's largest corporate failures, bringing to an end Europe's best hope of developing a rival to Asian electric vehicle battery makers.
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Volkswagen's truckmaker Scania said on Friday it had agreed to buy bankrupt Northvolt's division that makes battery packs for heavy industry, reviving a transaction first presented in February, for an undisclosed price.
Sweden's Northvolt filed for bankruptcy last month in one of the country's largest corporate failures, bringing to an end Europe's best hope of developing a rival to Asian electric vehicle battery makers.
Good that those EU subsidies which were allocated to Northvolt remain in Europe, as will their tech.
Iirc, CATL held some shares, I wonder if VW/ Scania bought that as well.
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Good that those EU subsidies which were allocated to Northvolt remain in Europe, as will their tech.
Iirc, CATL held some shares, I wonder if VW/ Scania bought that as well.
Crap didn't know Northvolt also did their garbage over there. Don't know if someone is buying the Canadian branch
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System shared this topic on
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Crap didn't know Northvolt also did their garbage over there. Don't know if someone is buying the Canadian branch
You mean you didn't know Northvolt was Swedish?
What did the Canadian subsidiary do exactly? I mean there have been strange coincides or sabotages in both afaik... -
System shared this topic on
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Volkswagen's truckmaker Scania said on Friday it had agreed to buy bankrupt Northvolt's division that makes battery packs for heavy industry, reviving a transaction first presented in February, for an undisclosed price.
Sweden's Northvolt filed for bankruptcy last month in one of the country's largest corporate failures, bringing to an end Europe's best hope of developing a rival to Asian electric vehicle battery makers.
That's the thing most (left) liberals do not realize. If a company leaves a country the means of production are obviously still there. Just put it in the workers hands.
