Northvolt has agreed to sell its industrial battery unit to Swedish truckmaker Scania, as Europe’s troubled battery maker ...

Last week, Volvo Cars agreed with Northvolt to take over its stake in the venture, which included a planned Gothenburg ...

Volvo Cars will pay Northvolt almost nothing for its 50% stake in their battery venture Novo Energy that it had agreed to ...

Sweden’s state-owned pension fund AP2, Gothenburg, has written down its entire stake in bankrupt battery maker Northvolt, ...

Last week, Volvo Cars agreed with Northvolt to take over its stake in the venture, which included a planned Gothenburg battery cell factory without disclosing the amount involved. Northvolt ...

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.

Northvolt intends to focus on its primary ... Founded in 2022, Novo Energy established an R&D center in Gothenburg, Sweden to enhance battery technology and vehicle integration.

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.