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Volvo Group Acquires Proterra For $210 Million

12 Nov 2023 | Abstracted from Clean Technica

The transaction between Proterra Inc. and Proterra Operating Company as sellers and Volvo is subject to approval by the bankruptcy court in the US...The assets to be acquired include a development center for battery modules and packs in California and an assembly factory in South Carolina...Volvo Group will complement the current, and accelerate its future battery-electric road map...

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