Northvolt pulls plug on recycling venture

Troubled battery-maker Northvolt has agreed to sell its 28 percent stake in the joint venture battery recycling company Hydrovolt to its co-owner, the Norwegian energy and aluminum giant, Hydro.

Northvolt is selling its remaining shares in the battery recycling company Hydrovolt.

Northvolt is selling its remaining shares in the battery recycling company Hydrovolt.

Foto: Press image

Engelska2025-01-13 10:22

Northvolt is selling its remaining shares in the battery recycling company Hydrovolt for just over 76 million kronor.

The buyer is Norwegian company Hydro, which is now taking full ownership of Hydrovolt, with operations in Fredrikstad and Oslo.

Since the second half of last year, Hydro has been solely financing Hydrovolt's operations.