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.

Sweden's Northvolt has agreed to divest its Systems Industrial division, a key developer and manufacturer of battery systems ...

Volvo Cars announced on Wednesday that they have reached an agreement to buy out their partner, Northvolt, from their joint battery venture, NOVO Energy. The price of this deal remains undisclosed.

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 ...

Northvolt has agreed to sell its business unit that produces electric battery packs for heavy industry, one of its few ...

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

(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 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.

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.

STOCKHOLM (Reuters) -Swedish electric-vehicle battery maker Northvolt agreed with Volvo (OTC:VLVLY) Cars on Wednesday to sell its stake in their joint battery venture Novo Energy for an ...