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Scania to acquire Northvolt’s industrial battery pack division

Swedish EV battery maker Northvolt has sold its industrial battery pack division to long-term partner Scania. Indeed, Scania has been cooperating with Northvolt for quite a long time, with Scania people recently helping out Northvolt by spending time at the Swedish production plant.
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Highlights

Diesel of the Year 2025: dawn of the Hyundai DX05 & DX08

The Korean star is also reflected in the Diesel of the Year. South Korea is in the empire of industrial powers, cinema in the author anthology, K-pop in the playlist of teenagers. The 2025 edition is about Hyundai Infracore DX, 4- and 6-cylinder modular (BxS 110x132 mm), which have what it takes to ...

Alternative Engine Award: FPT under the sign of multi-fuel

An award that seems tailor-made for the XC13 by FPT Industrial. It is the Alternative Engine Award. The 13-litre has always been the star of the Cursor family and in the new X version it has been applied since its birth to IVECO trucks and, in the hydrogen version, has been on the ski slopes for thr...

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CampX by Volvo Group drives innovation in financial technology

CampX by Volvo Group recently expanded its innovation focus areas to include financial technology, or fintech. Thinking beyond today’s offers, fintech is helping transform the financial services industry through partnerships and collaboration with startups. This will accelerate the transition to sus...
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Volvo Penta to accelerate electric grid innovation with UIG

Volvo Penta has acquired a minority stake in Utility Innovation Group (UIG). The investment accelerates entry into the utility sector to further develop Volvo Penta’s battery energy storage subsystem and power generation portfolio as part of its road to net zero.
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Freyr Battery and Stena Recycling sign agreement

In connection with the opening of its battery recycling facility, Stena Recycling announces a new industrial scale customer within battery production. Stena Recycling and Freyr Battery have entered an agreement regarding recycling services of scrap battery material from Freyr’s customer qualificatio...
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Delta launches DC Wallbox 50kW EV charger

Delta announced the launch of its DC Wallbox 50kW EV charger in the EMEA region. With the DC Wallbox 50kW, one hour of charging helps EVs to cover more than 200 km in range. Moreover, it offers charging efficiency of 97%, a thickness of only 25 cm and support for simultaneous charging.

ZF: 2022 financial results

ZF achieves sales of €43.8 billion in 2022 (2021: €38.3 billion), adjusted EBIT is €2.0 (2021: €1.9) billion, adjusted EBIT margin at 4.7 (2021: 5.0) percent. Order volume for electrified drives amounts to more than €30 billion.
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