Big news about batteries! A company called Northvolt, which makes batteries for electric cars, went bankrupt. This is a big deal because they were trying to compete with big battery makers in Asia. Northvolt was even selling part of its business before the bankruptcy.
- Scania, a truck company, wanted to buy Northvolt's battery-making part.
- The deal was for $6 million plus taking on all the debts.
- But because Northvolt went bankrupt, the deal is on hold.
| Company | What happened | Amount |
|---|---|---|
| Northvolt | Filed for bankruptcy | - |
| Scania | Wanted to buy Northvolt's battery part | $6 million |
| Deal | On hold due to bankruptcy | - |
