Northvolt lost two potential buyers for Swedish facilities

Two potential buyers have withdrawn from the bankrupt battery manufacturer Northvolt, according to reports. The reasons for the cancellations are unknown, but one involves the development center in Västerås and the other the factory in Skellefteå. Scania is reportedly seeking to purchase Northvolt's research and development facility, Northvolt Labs, through a consortium. The company is in talks with other investors, including the Swedish government and the EU Commission, to secure funding. The news comes as time runs out to finalize a deal, and new discussions are underway with other potential investors. Northvolt had invested over $750 million in the Västerås facility.