Volvo to take ownership of joint venture with Northvolt
:format(auto):focal(center))
Chinese-owned Volvo Cars is taking over its joint venture with Northvolt as the battery manufacturer struggles with scaling production and challenging market conditions. The joint venture, NOVO Energy, was expected to begin production in 2026 from a facility in Gothenburg, Sweden. The project has planned investments of $2.8 billion and a 2030 pipeline capacity of […]