Swedish truckmaker Scania, a shareholder and customer of the troubled battery maker Northvolt, announced on Monday that it has secured an alternative supply of battery cells to diversify its supply chain.
Northvolt, once seen as Europe’s leading electric vehicle battery manufacturer, filed for U.S. Chapter 11 bankruptcy protection last November. The company is now working to raise funds and restructure its debt. In January, Reuters reported that Scania had stepped in to help manage Northvolt’s flagship plant in northern Sweden to improve the quality and output of the electric vehicle batteries.
In its 2024 results report released Monday, Scania and its German parent company, Traton, acknowledged that the Swedish company was behind schedule in meeting its goal of a 20% reduction in scope 3 emissions by 2025. Scope 3 emissions refer to emissions from trucks used by customers.
“Our ramp-up of battery electric trucks did not progress as quickly as we had planned,” Scania stated in the report.
Scania had initially relied solely on Northvolt for its battery supply. However, Scania’s CEO confirmed last year that the company was in talks with other battery makers to secure supplies for its future electric truck fleet. On Monday, CEO Christian Levin told Reuters that Scania is currently receiving more battery cells from Northvolt than it needs but is still taking steps to diversify its sources.
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