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Volkswagen Reduces Stakes in Northvolt, Signs Contract With NovonixVWAGY significantly reduces its 21% stake in Northvolt and signs a contract with Novonix to procure synthetic graphite ...
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Volkswagen bet big on European-made batteries a few years ago with two massive investments in Northvolt, the Swedish ...
The write down reflects the challenges faced by Northvolt, including missed production targets and a slower-than-expected ...
At the end of 2023, Volkswagen reported the book value of its shareholding in the Swedish firm at 693 million euros (USD 726 ...
Northvolt number one and number two shareholders, namely Volkswagen and Goldman Sachs, will write down their stake in the ...
At the end of 2023, Volkswagen reported the book value of its shareholding in Northvolt at €693m. Credit: THINK A/Shutterstock. The writedown reflects the challenges faced by Northvolt ...
Northvolt’s story isn’t just about the big bucks of its big backers. It has doled out some important lessons about what’s ...
Volkswagen bet big on European-made batteries a few years ago with two massive investments in Northvolt, the Swedish manufacturer. Now the automaker’s €1.4 billion stake is worth less than ...
Established by Volkswagen in 2022, PowerCo is committed to building six battery cell gigafactories by 2030 with a combined ...
Volkswagen (OTCPK:VWAGY) has taken a major writedown of its 21% stake in the Swedish battery company, Northvolt, Reuters reported Monday, citing two sources. The writedowns at the German ...
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