Volvo to acquire Northvolt's shares in battery JV Northvolt says it will stop funding the venture Northvolt is currently seeking funding for itself STOCKHOLM, Oct 30 (Reuters) - Volvo Cars ...
Swedish carmaker Volvo Cars, owned by China's Geely, said Wednesday it was taking full ownership of NOVO Energy -- its joint venture with ailing battery maker Northvolt.
Volvo Car is taking over a joint venture with Northvolt to build a factory on Sweden’s west coast, underscoring the major challenges of scaling battery production in the EV market.