Volvo seeks to oust Northvolt from EV battery venture

Volvo Northvolt Novo Energy plant rendering Gothenburg — The Volvo Northvolt Novo Energy plant.

Last Updated

October 30, 2024 01:46 PM

STOCKHOLM — Volvo Cars said it 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.

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