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 ...

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 ...

Swedish automotive company Volvo Cars Corp. notified Northvolt AB, a partner in the NOVO Energy joint venture, of its intention to use the pre-emptive share repurchase right to acquire full control ...

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

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

In the last quarter of 2024, the group recorded a 28 percent drop in operating profit to 3.9 billion kronor, partly due to a 1.7 billion writedown of a joint venture with struggling battery maker ...

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 ...

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) - (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 rounded ...