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924 Volvo Takes Ownership of Swedish Battery Plant From Troubled Northvolt

The Information
Steve LeVine @ The Information · 10/30/2024 17:02 EDT

Volvo Wednesday said it had taken ownership of a joint venture with troubled battery maker Northvolt because Northvolt had not made promised payments to fund the joint venture, in the latest sign of Northvolt’s distress. The joint venture had planned to build a battery factory in Gothenburg, ...

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