Volvo buys Northvolt’s stake in EV battery venture NOVO

1 min


29 January 2025 – 12:25 By Reuters

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Volvo has signed a deal to buy Northvolt’s stake in their joint battery venture NOVO Energy, the Swedish carmaker said on Wednesday.
Image: Adria Puig/Anadolu Agency via Getty Images

Volvo Cars has signed an agreement to buy struggling Swedish battery maker Northvolt’s stake in their joint battery venture NOVO Energy, the Sweden-based carmaker said on Wednesday, without disclosing the price.

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