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The company delivered 199 new transit buses and battery systems for 1,229 vehicles in 2022. The company filed for Chapter 11 bankruptcy in August 2023. [3] In November, its assets were split into three divisions and sold off. The Proterra Powered powertrain manufacturing business line will operate as an independent company within the Volvo Group.
Volvo Trademark Holding AB is equally owned by AB Volvo and Volvo Car Corporation. [88] The main activity of the company is to own, maintain, protect and preserve the Volvo trademarks, including Volvo, the Volvo branding symbols (grille slash and iron mark), Volvo Penta, on behalf of its owners and to license these rights to its owners. The day ...
Volvo Cars and Northvolt, once hailed as Europe's best prospect for a domestic EV battery champion, formed Novo in 2021 to build a dedicated battery factory in Gothenburg on Sweden's west coast.
Volvo Buses (Volvo Bus Corporation; formal name: Volvo Bussar AB), stylized as VOLVO, is a subsidiary and a business area of the Swedish vehicle maker Volvo, which became an independent division in 1968. It is based in Gothenburg.
The EV-battery maker Northvolt has entered Chapter 11 bankruptcy protection, it said Thursday. The Swedish firm, founded by two ex-Tesla executives, has struggled amid stuttering demand for EVs.
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Geely is already known from its ownership of Volvo Car Corporation. In September 2018, Daimler invested $155 million in US-based electric bus and its battery management technology manufacturer Proterra. [33] In July 2019, BAIC Group purchased a 5% stake in Daimler, which is a reciprocal shareholder in BAIC's Hong Kong listed subsidiary.
Proterra said last month it is going public through a mergerwith ArcLight Clean Transition Corp, a special purposeacquisition company (SPAC), in a deal valued at $1.6 billion.The transaction is ...