Norsk Hydro becomes sole owner of Hydrovolt by purchasing Northvolt's shares. Focus on battery recycling and Northvolt's ...
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Norway's Hydro has acquired the remaining shares in its battery recycling joint venture, Hydrovolt, from Northvolt for 78 million Norwegian crowns. This purchase increases Hydro's stake to 100%.
Bankrupt battery maker Northvolt AB agreed to sell its remaining shares in a recycling venture to Norsk Hydro ASA as it continues to slim down operations amid a Chapter 11 process in the U.S.
Shareholders in Swedish electric car battery maker Northvolt agreed Wednesday at an extraordinary general meeting to allow the financially-strained company to continue operating and avoid liquidation.