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Volvo Cars wants to buy out Northvolt – breach of contract
Volvo Cars will exercise its right of redemption to oust crisis-stricken Northvolt from the jointly owned multi-billion project Novo Energy, according to the car manufacturer. This is because Northvolt has breached the shareholders' agreement.
Northvolt company seeks billion grant for factory
Volvo Cars and Northvolt's jointly owned company Novo Energy wants 12. 7 billion kronor from the state for the construction of the battery factory in Torslanda, Gothenburg, reports [Dagens Nyheter.
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