Scania seeks consortium to buy Northvolt's research facility

Scania is seeking to purchase the bankrupt Northvolt research and development facility, aiming to form a consortium for the acquisition. CEO Christian Levin stated they are in talks with investors, including the Swedish government and the EU Commission. Scania's plan involves a consortium to finance the purchase of Northvolt Labs, which invested over $750 million. Levin emphasized the need for external funding, as the project is too large for Scania alone. This move follows Northvolt's bankruptcy, and Scania's interest highlights the importance of the facility. The company is seeking to secure the facility's future.