Sweden's Northvolt has agreed to divest its Systems Industrial division, a key developer and manufacturer of battery systems ...

Northvolt said the sale of the unit, which employs around 300 people, is subject to regulatory clearances and the execution ...

The purchase amount has been negotiated as part of a larger settlement with Northvolt, taking many factors into account," a Volvo spokesperson told Reuters. Northvolt did not respond to a request ...

Northvolt has sold its Systems Industrial division to an unnamed buyer as it continues to streamline its operations ...

(Reuters) - (This Feb. 6 story has been corrected to say Volvo 'will pay Northvolt almost nothing,' not 'will not pay Northvolt,' in the headline and paragraph 1, and to say 'purchase price is ...

Before its Chapter 11 bankruptcy filing Northvolt was recognised as Europe's primary competitor to challenge Asian companies ...

Feb 6 (Reuters) - Volvo Cars will not pay Northvolt any money for its 50% stake in their battery venture Novo Energy that it had agreed to acquire, according to the automaker's quarterly report on ...

STOCKHOLM (Reuters) -Swedish electric-vehicle battery maker Northvolt agreed with Volvo (OTC:VLVLY) Cars on Wednesday to sell its stake in their joint battery venture Novo Energy for an ...

Credit: Jeppe Gustafsson/Shutterstock. Swedish EV battery maker Northvolt has reached an agreement with Volvo Cars to sell its stake in their Swedish battery-making joint venture, Novo Energy.

Volvo 'will pay Northvolt almost nothing,' not 'will not pay Northvolt,' in the headline and paragraph 1, and to say 'purchase price is rounded to 0 Swedish crowns,' not 'purchase price is 0 Swedish ...