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375 Amid financial turmoil, Northvolt sells its stake in battery recycling JV Hydrovolt to Hydro: Know more

Silicon Canals
Vishal Singh @ Silicon Canals 2 place · 01/14/2025 02:19 EDT

Amid financial turmoil, Northvolt sells its stake in battery recycling JV Hydrovolt to Hydro: Know more

Swedish electric-vehicle battery maker Northvolt sells its remaining shares in battery recycler Hydrovolt to Oslo’s aluminium and energy company Hydro, for NOK 78M (nearly €6.66M). The deal increases Hydro’s ownership in Hydrovolt from 72 per cent to 100 per cent. This development for Northvolt comes amid its financial crisis. In 2024, the company announced a ... Read more

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