Volvo Cars fully take over battery joint venture from Northvolt after contract breach Decline to disclose price of sale Northvolt attempting to divest most of joint venture businesses to avoid ...
Volvo Cars and Northvolt, once hailed as Europe's best prospect for a domestic EV battery champion, formed Novo in 2021 to build a dedicated battery factory in Gothenburg on Sweden's west coast.
STOCKHOLM (Reuters) - Volvo Cars has signed an agreement to buy struggling Swedish battery maker Northvolt's stake in their joint battery venture NOVO Energy, the Sweden-based automaker said on ...
STOCKHOLM (Reuters) -Northvolt agreed with Volvo Cars on Wednesday to sell the battery maker's stake in their joint venture NOVO Energy for an undisclosed sum and explore potential collaborations in ...