20 hours ago · Volvo Cars will not pay Northvolt any money for its 50% stake in their Novo Energy battery venture, which it had agreed to acquire, the automaker's quarterly report said on Thursday.

Jan 29, 2025 · 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. ...

Jan 29, 2025 · Swedish electric-vehicle battery maker Northvolt agreed with Volvo Cars on Wednesday to sell its stake in their joint battery venture Novo Energy for an undisclosed sum and explore potential...

Jan 29, 2025 · 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 ...

Jan 29, 2025 · 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.

Jan 29, 2025 · 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 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...

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 · 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...

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.