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 ...

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 ...

Volvo Car AB is taking over a joint venture with financially struggling Northvolt AB to build a factory on Sweden’s west coast, underscoring the major challenges of scaling battery production in ...

Northvolt agreed with Volvo Cars today to sell the battery maker’s stake in their joint venture Novo Energy for an undisclosed sum and explore potential collaborations in North America.

STOCKHOLM (Reuters) -Volvo Cars is seeking to take over Northvolt's stake in their Swedish battery-making joint venture NOVO but will need a new partner to keep plans for a gigafactory on track ...

Volvo Cars said it would not invest in its struggling partner Northvolt as the Swedish group halved its annual sales growth forecast during a slowdown in vehicle demand and geopolitical turbulence.

It is now building a manufacturing capacity to fulfill $55 billion in orders from key customers, including BMW, Fluence, Scania, Volvo Cars, and Volkswagen Group. Northvolt intends to enable 50% ...

Northvolt AB, the Swedish battery maker that counts BMW, Volvo Car and Volkswagen among its clients, has secured a $5 billion green loan to bolster production and expand recycling efforts.

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 ...

(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 ...