Northvolt: Volvo to Take Ownership of Northvolt Battery Joint Venture
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.
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Northvolt is a Sweden-based battery technology company that manufactures and supplies products such as lithium-ion cells and storage systems for electric vehicles.
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