Volvo acquisition of Proterra battery business finalized

Becky Schultz Vice President of Content, Power Division

01 February 2024

Volvo Group announced it has completed the previously announced acquisition of the battery business from Proterra Inc. and Proterra Operating Company Inc. for a purchase price of $210 million USD before adjustment for inventory level at closing.

The Proterra acquisition includes a development center for battery modules and packs in…
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