Volvo is buying bankrupt Proterra’s battery business for $210M – here’s what that means
November 10, 2023
Volvo Group has won an auction for Proterra’s battery business with a bid of $210 million – here’s what that means for the EV industry.
Volvo Group buys Proterra Powered
By acquiring the Proterra Powered business unit, Gothenburg, Sweden-HQ’ed Volvo Group is expected to gain a development center for battery modules and packs in California and an assembly factory in South…