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Volvo Group to acquire Proterra Powered business for $210 million · Endata

◂ Announcements

Nov 10, 2023ACQUISITIONCalifornia; South Carolina, United States

Volvo Group to acquire Proterra Powered business for $210 million

Volvo Group has been selected as the winning bidder for Proterra's Powered business unit, including a development centre in California and an assembly factory in South Carolina, for $210 million. The acquisition aims to accelerate Volvo's battery-electric roadmap.

Value

$210.0M

Status

Announced

Productsbattery modulesbattery packsbattery-electric systems

CompaniesVolvo acquirer Proterra target

Sectors#Automotive Components #Mining Equipment

“Volvo Group has been selected as the winning bidder in an auction for Proterra Inc and Proterra Operating Company Inc.”im-mining.com

1 source
im-mining.comVolvo's battery-electric roadmap could benefit from Proterra acquisition - International MiningDaniel GleesonNov 10, 2023

Summarized from public sources; check the original articles before acting on it.

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Nova Bus Volvo partner newswire.ca
Feb 21, 2023EXPANSIONChangwon, South Korea, South Korea$7.80Mops Jun 2024
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Volvo Volvo Construction Equipment mk.co.kr thegnnews.com
Feb 17, 2023INVESTMENTChangwon, South Korea, South Korea$7.80Mops Jun 2024
Volvo CE invests $7.8M in battery pack production at Changwon excavator plant
Volvo Construction Equipment Volvo investor volvogroup.com volvoce.com equipmentworld.com

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