Volvo Car AB (publ.) (OM:VOLCAR B) Eyes Growth with Novo Energy Acquisition and Strong Sales Performance
Volvo Car AB (publ.)(OM:VOLCAR B) has recently announced a notable increase in sales, reporting 61,686 cars sold in October 2024, up from 59,861 the previous year, and a year-to-date total of 622,608 cars, marking a significant rise from 569,019 cars last year. Amidst these positive sales figures, the company is navigating strategic shifts, notably its decision to acquire full control of the EV battery joint venture Novo Energy, following a breach of agreement by its partner Northvolt AB...