Finance
Northvolt shareholder Scania gets additional battery cell supply
Published by Global Banking & Finance Review®
Posted on March 10, 2025
2 min readLast updated: January 24, 2026
Quick Summary
Scania secures extra battery supply amid Northvolt's challenges, impacting its 2025 emissions goals. The truckmaker is diversifying suppliers.
Scania Expands Battery Cell Supply Amid Northvolt's Challenges
By Marie Mannes
STOCKHOLM (Reuters) -Scania said on Monday it had secured a new supply of battery cells in addition to its deal with Northvolt, as the Swedish truckmaker warned it will miss its 2025 targets to cut emissions due in part to problems with electric battery deliveries.
Northvolt, once considered Europe's best hope for an electric vehicle battery champion, filed for U.S. Chapter 11 bankruptcy protection last November and is seeking to raise cash and restructure its debt.
Reuters in January reported that Scania, which is Northvolt's top customer and a shareholder, had stepped in to help Northvolt with the day-to-day running of its flagship plant in northern Sweden in an effort to boost quality and output at the electric vehicle battery maker.
The Swedish truckmaker had relied on Northvolt as its sole supplier, but CEO Christian Levin said last year that it was in talks with other battery cell makers about potentially supplying its future electric fleet.
Scania's electrification plans have been hindered by Northvolt's struggle to ramp up output.
The news comes after Scania and its German owner Traton warned earlier on Monday that the Swedish company will miss its 2025 target of a 20% reduction in scope 3 emissions, meaning trucks in use by its customers.
"Our ramp up of battery electric trucks did not move as quickly as we had intended," Scania said in its report.
Levin said on Monday in a written comment sent to Reuters that the company is currently receiving more battery cells from Northvolt than it is using in its own truck making, but was still diversifying its supply.
"We have accelerated our supplier strategy and have secured future deliveries of battery cells," Levin said.
A Scania spokesperson declined to name any additional suppliers.
A Northvolt spokesperson declined to comment.
The truckmaker said that it had delivered a total of 77 zero-emission vehicles in the fourth quarter, and 266 in total for the full year of 2024.
(Reporting by Marie Mannes, editing by Louise Breusch Rasmussen, Terje Solsvik and David Evans)
Key Takeaways
- •Scania secures additional battery cell supply beyond Northvolt.
- •Northvolt faces financial restructuring and output challenges.
- •Scania's 2025 emissions targets are at risk due to supply issues.
- •Scania delivered 266 zero-emission vehicles in 2024.
- •Scania is diversifying its battery cell suppliers.
Frequently Asked Questions about Northvolt shareholder Scania gets additional battery cell supply
1What recent development did Scania announce regarding battery cells?
Scania announced that it secured a new supply of battery cells in addition to its existing deal with Northvolt.
2Why is Scania missing its 2025 emissions targets?
Scania warned that it will miss its 2025 target of a 20% reduction in scope 3 emissions due to delays in ramping up battery electric truck production.
3How has Northvolt's situation affected Scania?
Northvolt's struggles to ramp up output have hindered Scania's electrification plans, leading the company to seek additional suppliers for battery cells.
4What is Scania's current status with battery cell usage?
Scania is currently receiving more battery cells from Northvolt than it is using in its truck manufacturing, indicating a need to diversify its supply.
5How many zero-emission vehicles did Scania deliver in 2024?
Scania delivered a total of 266 zero-emission vehicles for the full year of 2024, with 77 delivered in the fourth quarter.
