Scania to Invest More Than $115 Million in Battery Assembly Plant
November 17 2020 - 4:55AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedish truck maker Scania said Tuesday that it plans
to invest more than 1 billion Swedish kronor ($115.5 million) in a
battery assembly plant in Sodertalje, outside of Stockholm.
Scania, owned by Volkswagen AG subsidiary Traton SE, said
construction will start in early 2021 with an aim to be fully
operational by 2023.
The assembly plant will be built adjacent to its existing
chassis assembly plant and will assemble battery modules and packs
from cells which will be delivered from Northvolt's battery factory
in Skelleftea, Sweden. It will employ around 200 people, mostly
recruited from within the company.
"This is a tangible manifestation of our determination to take a
leading role in heavy vehicle electrification... Operating an
on-site battery assembly plant is a prerequisite for large-scale
production of electric vehicles," said Ruthger de Vries, head of
production and logistics at Scania.
Scania said separately it will invest 15.5 million euros ($18.4
million) in a new battery testing laboratory at its research and
development facilities in Sodertalje. The laboratory will be fully
operational by autumn 2021.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
November 17, 2020 04:40 ET (09:40 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Traton (TG:8TRA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Traton (TG:8TRA)
Historical Stock Chart
From Sep 2023 to Sep 2024