Volvo Cars will not pay Northvolt for battery joint venture stake
Last week, Volvo Cars agreed with Northvolt to take over its stake in the venture, which included a planned Gothenburg ...
Volvo Cars says it will pay Northvolt almost nothing for battery joint venture stake
Volvo Cars will pay Northvolt almost nothing for its 50% stake in their battery venture Novo Energy that it had agreed to ...
Pensions&Investments3d
Sweden’s pension fund AP2 writes down Northvolt stake to zero
Sweden’s state-owned pension fund AP2, Gothenburg, has written down its entire stake in bankrupt battery maker Northvolt, ...
GlobalData on MSN13d
Northvolt to divest stake in battery venture to Volvo
Northvolt, currently under US bankruptcy protection, stopped funding most of its joint ventures, including Novo, throughout ...
Northvolt sells stake in battery unit to Volvo, to explore North American deals
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 Wednesday, without ...
Volvo acquires Northvolt's stake in battery joint venture without payment
The Novo battery factory was announced in 2021 and meant to start production in 2026, but Volvo has said a new investor would be needed for that to happen.
Reuters on MSN16d
Sweden’s Northvolt sells stake in battery unit to Volvo, will explore North American deals
Northvolt had ceased funding for most of its joint ventures and non-core businesses, including Novo, throughout 2024 to ...