(Reuters) - Volvo Cars will not pay Northvolt any money for its 50% stake in their battery venture Novo Energy that it had ...

Volvo Cars and Northvolt, which is under bankruptcy protection, formed the joint venture in 2021 to build a battery factory ...

Northvolt, once considered Europe's best hope for a battery champion, filed for U.S. Chapter 11 bankruptcy protection in November last year. "The purchase consideration rounds to 0 m SEK.

(Reuters) - (This Feb. 6 story has been corrected to say Volvo 'will pay Northvolt almost nothing,' not 'will not pay Northvolt,' in the headline and paragraph 1, and to say 'purchase price is ...

Volvo Cars will not pay Northvolt any money for its 50% stake in their battery venture Novo Energy that it had agreed to acquire, according to the automaker's quarterly report on Thursday.

Scania is supporting Northvolt's operations in Sweden Scania staff heavily involved in day-to-day running of Northvolt Ett plant, documents Northvolt faces financial struggles, needs $1.29 bln to ...

Northvolt intends to focus on its primary battery cell production business. Credit: Jeppe Gustafsson/Shutterstock. Swedish EV battery maker Northvolt has reached an agreement with Volvo Cars to ...

Struggling Northvolt Sells Remaining Stake in Battery Recycler to Hydro By Marie Mannes STOCKHOLM (Reuters) -Norsk Hydro became the sole owner of battery recycler Hydrovolt on Monday after the ...

Swedish EV battery maker Northvolt has reached an agreement with Volvo Cars to sell its stake in their Swedish battery-making joint venture, Novo Energy. The two companies will also explore ...

(Reuters) - Volvo (OTC:VLVLY) Cars will not pay Northvolt any money for its 50% stake in their battery venture Novo Energy that it had agreed to acquire, according to the automaker's quarterly ...

Cerruti will retain his role as chairman of the board of the Canadian entity, the statement said, adding that "Paolo will continue to support the growth and success of Northvolt North America from ...