29 Jan 18
News

Scania invests in Northvolt battery plant

Northvolt, a company founded by a former Tesla executive, has found yet another major investor for its €4bn battery plant: VW-owned truck builder Scania. The €10m investment will be used for the development of batteries suited for heavy commercial vehicles. Other major investors in Northvolt are Swiss engineering company ABB and Danish wind turbine manufacturer Vestas. Northvolt wants to become Europe's biggest rival for Tesla as a major battery supplier. 

Authored by: Dieter Quartier