Volkswagen Reduces Stakes in Northvolt, Signs Contract With Novonix
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Volkswagen (VWAGY) has reduced its 21% stake in Northvolt and signed a contract with Novonix for synthetic graphite material.
November 26, 2024 | 5:45 pm
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Volkswagen has reduced its 21% stake in Northvolt and signed a contract with Novonix for synthetic graphite material.
The reduction in stake may indicate a strategic shift or reallocation of resources by Volkswagen. The new contract with Novonix suggests a focus on securing materials for battery production, which could be positive for future operations. However, the immediate impact on stock price is uncertain.
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