Scania CEO says committed to Northvolt despite cutbacks, delivery issues [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
single battery supplier despite recent production and delivery problems, its CEO said on Monday. Scania had to postpone a ramp-up of its battery-electric truck production by a year and delay deliveries to customers due to the troubles at Northvolt, Europe's leading battery supplier. "The worst thing was that we had to go back to all the customers and say 'Sorry, we cannot deliver,'" Christian Levin, who is CEO of both Traton and Scania, told Reuters at the IAA Transportation truck show in Hanover. Volkswagen is one of Northvolt's largest investors and is the parent company of Traton. Asked about the setbacks at Northvolt, which unexpectedly decided to shrink operations and cut jobs, Levin said Traton is in close contact with the supplier and trying to support it but declined to comment on Traton's contractual relationship. Scania told Swedish newspaper Svenska Dagbladet in May that it was unable to ship thousands of electric trucks last year due to Northvolt's problems, unde
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