{
Volvo Car AB (publ.)

Companies

}

Volvo acquires full ownership of Northvolt battery joint venture amid financial struggles

Volvo Car AB is taking full ownership of the NOVO Energy project, a joint venture with Northvolt AB, due to Northvolt's failure to meet its financing obligations. This move highlights the significant challenges faced in scaling battery production for the electric vehicle market.
bloomberg.com
Volvo Car AB (publ.) Northvolt AB SWE
Finance & Economy, News Article
09:26 30.10.2024
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