Volvo Group has been selected as the successful bidder to acquire the electric business unit of electric vehicle and parts manufacturer Proterra. The $210 million transaction is expected to close in early 2024, pending U.S. Bankruptcy Court approval. The assets to be acquired include a battery module and battery pack development center. Source: www.equipmentworld.com
Sign up to receive daily news updates from CleanTechnica by email. Or follow us on Google News. In August, when we learned that Proterra had filed for bankruptcy, the atmosphere around Cleantechnica’s canapé table became somber. We believe the EV revolution will enable everyone who wants to: Source: cleantechnica.com
In a significant development in the electric vehicle industry, Volvo Group has emerged as the successful bidder in the auction to acquire the battery business from Proterra Inc. and Proterra Operating Company. The move was made by Proterra, known for its electric bus and battery technology… Source: theevreport.com