For an undisclosed sum, Lyten will acquire three sites from the bankrupt Northvolt concern: ‘Northvolt Ett’ in Skellefteå, ‘Northvolt Labs’ in Västeras (both in Sweden), and ‘Northvolt Drei’ in Germany.

The acquisition supports Phinia’s strategy to expand into carbon-neutral and carbon-free fuel technologies. SEM was previously owned by Swedish Electromagnet Invest AB, majority held by Procuritas Capital Investors V L.P.

Trucks will be sold throughout Asia, including Japan

Volvo commented that the acquisition will enhance its competency in battery cell and battery materials development.

The manufacturer has signed a contract with South Australia’s Department for Infrastructure and Transport, which will put them to use in the city of Adelaide.

He will be replaced in his current role on 1 September by Jens Holtinger, currently the executive vice president of group trucks operations as well as chief purchasing officer on a provisional basis.

We spoke to representatives from the company who told us that the factory in Katrineholm had been relocated to its HQ in Stockholm, signifying an organisational restructuring. The company also showed us a next-generation CO2 sensor in its vehicle fire suppression system.

Volvo will use the money awarded by the EU’s innovation fund to slash carbon emissions from its manufacturing processes at Skövde by as much as 88%.

Founded in 1915, SEM launched its first ignition systems for natural gas engines in 2000: since then, it has developed a range of fuel ignition products, injector stators, and linear position sensors for engines fuelled with natural gas, hydrogen, and other alternatives to diesel.

Volvo’s new ‘Dynamic Steering’ can detect a puncture in the truck’s front tyre(s) and respond immediately in order to mitigate the impact.

In 2026, new Scania electric trucks will be equipped with the new “megawatt charging system” standard, which is specified for a maximum current of 3,000 amperes.

New EUR 2 billion facility to drive Asia growth, improve tech access