Truckmaker Scania still intends to buy Northvolt's battery pack business despite the Swedish battery maker having declared bankruptcy on Wednesday, a Scania spokesperson told Reuters on Wednesday. Northvolt,

Northvolt has experienced a series of compounding challenges in recent months that eroded its financial position, including rising capital costs, geopolitical instability, subsequent supply chain disruptions,

The front running domestic EV battery supply hope for the European auto industry, Swedish battery cell maker Northvolt, has filed for bankruptcy.