Latest news with #ChristianLevin
Yahoo
28-05-2025
- Automotive
- Yahoo
Scania to launch new production hub in China in October
Swedish truck manufacturer Scania AB confirmed it is scheduled to begin operations at its new EUR 2 billion production hub in China in the fourth quarter of 2025, according to reports citing the company's CEO Christian Levin. Scania, part of the Traton group which also includes brands such as MAN, International and Volkswagen Truck & Bus, currently has two main global manufacturing hubs - Sweden and in Brazil - supplying built-up vehicles and components to world markets. The new production hub in Rugao, in China's Jiangsu province, will ultimately have a production capacity of 50,000 trucks per year. The facility is expected to help lift the brand's sales in the world's largest vehicle market and will also export built-up vehicles to other markets in Asia. Mr Levin, who also heads Traton, expects the new Rugao facility to help the company reduce its delivery times across the Asia-Pacific region. He pointed out that currently "if a customer in Asia wants to buy a Scania, they have to get it from Europe or Brazil, which means a wait of maybe six or seven months." Scania's stronger manufacturing presence in China will also help improve its access to next-generation truck technologies that are available in the country, including zero-emission drivetrains and smart, connected technologies. The CEO confirmed 'we want to tap into that. We want to be part of the ecosystem. We want to be close to the competition.' Scania recently launched a new US$ 350 million investment at its existing operations in Sao Paulo, Brazil, to upgrade its production facilities and introduce clean transportation solutions including electrified powertrains. "Scania to launch new production hub in China in October" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
South China Morning Post
27-05-2025
- Automotive
- South China Morning Post
Sweden's Scania makes €2 billion China bet with new factory, eyeing Asian growth
Swedish truck maker Scania will launch a €2 billion (US$2.28 billion) Chinese production hub in October, its third global manufacturing base alongside facilities in Sweden and Brazil, according to CEO Christian Levin. The new factory in Rugao, in China's eastern Jiangsu province, will eventually reach a production capacity of 50,000 vehicles a year – nearly double what Scania's Brazilian plant produced in 2024. It would also boost demand for parts made in South America, said Levin, who also runs group Traton, which includes the brands Scania, Man, International, and Volkswagen Truck & Bus. Setting up in the Chinese market also gives Scania access to the next generation of transport technology in China. 'We want to tap into that,' he said. 'We want to be part of the ecosystem. We want to be close to the competition.' Scania is also kicking off a new four-year investment cycle in Brazil, which became its second hub after Sweden in the late 1950s, with about US$350 million of capital spending at its local hub, based in Sao Paulo state, by 2028. Part of the investment is going to initiatives concerning clean transport, including electrification. With its main production hubs in Europe and South America offering the same products in different geographies, Scania has been able to expand its presence in several parts of the world.
Reuters
26-05-2025
- Automotive
- Reuters
Scania readies 2 bln euro China hub, eyeing Asian growth
SAO PAULO, May 26 (Reuters) - Swedish truck brand Scania will launch its 2 billion-euro ($2.28 billion) Chinese production hub in October, its third global manufacturing base alongside facilities in Sweden and Brazil, Chief Executive Christian Levin said in an interview. The new Chinese factory will eventually reach a production capacity of 50,000 vehicles — nearly double what Scania's Brazilian plant produced last year — while boosting demand for parts made in South America, said Levin, who also runs group Traton ( opens new tab, whose portfolio includes the brands Scania, MAN, International, and Volkswagen Truck & Bus. Scania is also kicking off a new four-year investment cycle in Brazil, which became its second hub after Sweden in the late 1950s, with 2 billion reais ($350 million) of capital spending at its local hub, based in Sao Paulo state, by 2028. Part of the investment is going to initiatives concerning clean transportation, including electrification With its main production hubs in Europe and South America, offering the same products in different geographies, Scania has been able to expand its presence in several parts of the world. "It has made us very strong in Latin America and Europe, but we are quite weak in Asia," Levin said. "If a customer in Asia wants to buy a Scania, they have to get it from Europe or Brazil, which means a wait of maybe six or seven months." Setting up in the Chinese market also gives Scania access to the next generation of transportation technology in China. "So we want to tap into that," he said. "We want to be part of the ecosystem, we want to be close to the competition." Scania's big bet on China comes amid rising trade tensions with the United States, which Levin called "detrimental to the world overall." "It goes away from the world order and from free trade as a fundamental mechanism to make the world richer and a better place to live in," he said. By contrast, Levin was optimistic about the prospects for regional trade bloc Mercosur, comprised of Brazil, Argentina, Paraguay and Uruguay, which is looking to ratify a new trade agreement with the European Union, finalized in December talks. "Now if Mercosur is really coming back, it will make us even stronger."
Yahoo
11-03-2025
- Automotive
- Yahoo
Scania secures additional battery cell supplies amid Northvolt difficuties
Swedish truck manufacturer Scania has secured an additional supply of battery cells to complement its existing deal with Northvolt, reported Reuters. This move comes as Scania faces challenges in meeting its 2025 emission reduction targets, partly due to difficulties with electric battery deliveries from its primary supplier, Northvolt. Northvolt, which filed for US Chapter 11 bankruptcy protection last October, has struggled to scale up production. Scania, part of the Traton group, has been impacted by Northvolt's production issues, which have hindered the truckmaker's electrification plans. Scania CEO Christian Levin previously indicated that the company was in discussions with alternative battery cell manufacturers to support its future electric fleet. This move comes as Scania aims to diversify its supply chain to ensure the continuity of its electrification plans. Levin stated that Scania is currently receiving more battery cells from Northvolt than it is using for truck production, but the diversification strategy remains a priority. The company delivered a total of 77 zero-emission vehicles (ZEVs) in the fourth quarter of 2024, contributing to a full-year total of 266 units. In 2024, the company delivered a total of 102,069 vehicles, including 266 ZEVs. Scania Group reported 2024 net sales increase by 6% year-on-year to SEK216.1bn ($21.3bn), with an adjusted operating income of SEK30.4bn. However, the fourth quarter saw a slight decrease in net sales and vehicle deliveries compared to the previous year. Scania's service business revenue continued to grow, reflecting the company's robust operational and financial performance. The company has set targets for 2032, aiming for a 50% emissions reduction in its operations and a 45% cut from vehicles in use, compared to 2022 levels. "Scania secures additional battery cell supplies amid Northvolt difficuties" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Bloomberg
10-03-2025
- Automotive
- Bloomberg
Scania Is Not Giving Up on Northvolt Despite Supplier's Bankruptcy
Volkswagen AG 's truckmaker Scania continues to receive cells from Northvolt AB as the Swedish battery maker fights for survival under an ongoing bankruptcy process. 'We currently, since quite some time, receive the cells we order, which is really good,' Scania Chief Executive Officer Christian Levin said in an interview Monday. Several of his workers have been dispatched to Northvolt's Skelleftea site to bolster the ramp-up there, and the companies are 'basically talking every day.'
