5 days ago · Volvo Cars and Northvolt AB sign a framework agreement to explore potential future collaboration in North America; Volvo Cars and Northvolt AB have signed a share purchase agreement relating to Northvolt’s shares in NOVO Energy AB, leading to Volvo Cars taking full ownership of NOVO Energy AB, subject to approval by relevant authorities. ...

5 days ago · 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.

Nov 7, 2022 · In June 2021, Northvolt and Volvo Cars joined forces to build the next generation of pure electric Volvo cars. A shared commitment to safety and sustainability provided a firm foundation for the partnership.

Oct 30, 2024 · 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, the Chinese-owned...

5 days ago · Volvo Cars announced its intention to acquire a majority stake in Novo Energy in October 2024 – so before Northvolt filed for Chapter 11 bankruptcy protection under the US bankruptcy code. The joint venture agreement between the two companies includes a buyback right in the event that one of the parties breaches the shareholders’ agreement ...

Oct 30, 2024 · 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...

Volvo Car AB has announced it will take full ownership of NOVO Energy, a joint venture with Northvolt AB aimed at building a large-scale battery manufacturing facility on Sweden’s west coast. This strategic move follows Northvolt’s inability to meet its financial obligations under their shareholders’ agreement.

Nov 1, 2024 · Volvo Cars has released a statement declaring that it plans to take full ownership of Novo Energy, a joint venture between Volvo and the Swedish battery company Northvolt. Novo Energy was launched between the two Swedish companies in June 2021.

5 days ago · Volvo Cars and Northvolt, once hailed as Europe’s best prospect for a domestic electric-vehicle (EV) battery champion, formed Novo in 2021 to build a battery factory in Gothenburg on Sweden’s ...

Oct 30, 2024 · Volvo Cars wants to buy struggling Northvolt out of their joint venture to build a battery factory in Gothenburg in a move underscoring the challenges facing European carmakers and suppliers in...