Volvo 'will pay Northvolt almost nothing,' not 'will not pay Northvolt,' in the headline and paragraph 1, and to say 'purchase price is rounded to 0 Swedish crowns,' not 'purchase price is 0 Swedish ...

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 ...

Credit: Jeppe Gustafsson/Shutterstock. 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.

Northvolt has sold its Systems Industrial division to an unnamed buyer as it continues to streamline its operations ...

STOCKHOLM—Truck maker Scania agreed to buy Northvolt’s heavy industry business, as the battery maker continues to work through a restructuring process. “This acquisition will provide access ...

According to Reuters, Northvolt has sold its industrial battery pack division to long-time customer and partner Scania.

The purchase amount has been negotiated as part of a larger settlement with Northvolt, taking many factors into account," a Volvo spokesperson told Reuters. Northvolt did not respond to a request ...

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.

(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 ...