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

Fears of non-compliance with financial obligations reached such a dimension that on 11 October 2024 Northvolt was forced to ...

Volvo Cars CEO Jim Rowan told CNBC the company was looking ... 1.7 billion kronor impairment related to its joint venture ...

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

Volvo Cars CEO Jim Rowan told CNBC the company ... related to its joint venture with Swedish battery developer Northvolt, Novo Energy. Year-on-year sales for the fourth quarter nudged 1% higher ...

Northvolt did not respond to a request for comment. The Novo battery factory, announced in 2021, was meant to start production in 2026 but Volvo has said a new investor would be needed for that to ...

Feb 6 (Reuters) - 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 ...

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.

(Reuters) -Volvo Cars will pay Northvolt almost nothing for its 50% stake in their Novo Energy battery venture, which it had agreed to acquire, the automaker's quarterly report said on Thursday. The ...