Volvo Cars takes complete ownership of Novo Energy from Northvolt AB
Volvo Cars taking over complete ownership of NOVO Energy is not expected to impact the carmaker’s other planned investments or ambitions on cash flow
Volvo Cars and Northvolt AB have signed a share purchase agreement relating to Northvolt’s shares in NOVO Energy AB, leading to Volvo Cars taking full ownership of NOVO Energy AB, the carmaker announced Jan. 29.
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