{"id":142452,"date":"2024-02-06T09:50:05","date_gmt":"2024-02-06T08:50:05","guid":{"rendered":"https:\/\/newmobility.news\/?p=142452"},"modified":"2024-02-06T11:31:38","modified_gmt":"2024-02-06T10:31:38","slug":"volvo-group-acquires-us-battery-plants-from-proterra","status":"publish","type":"post","link":"https:\/\/newmobility.news\/en\/2024\/02\/06\/volvo-group-acquires-us-battery-plants-from-proterra\/","title":{"rendered":"Volvo Group completes acquisition of Proterra’s battery business (update)"},"content":{"rendered":"

Swedish Volvo Group, the parent company behind Volvo Trucks, Mack Trucks, and Renault Trucks, has acquired Proterra's battery plants in the US. Volvo Group paid $210 million (\u20ac195 million) before adjustment for inventory level at closing, including a development center for battery modules and packs in California and an assembly factory in Greer, South Carolina.<\/p>

In November 2023, Volvo was selected as the winning bidder in an auction for the battery assets of Californian public transit bus and electric commercial vehicles specialist Proterra, which has been in a voluntary Chapter 11 bankruptcy process since August. Volvo now says it intends to run Proterra as a going concern and deliver to selected customers.<\/p>

This content has been archived. Log in or Subscribe<\/a> to a level that has access to archived content.<\/div><\/div>","protected":false},"excerpt":{"rendered":"

Swedish Volvo Group, the parent company behind Volvo Trucks, Mack Trucks, and Renault Trucks, has acquired Proterra’s battery plants in the US. Volvo Group paid $210 million (\u20ac195 million) before adjustment for inventory level at closing, including a development center for battery modules and packs in California and an assembly factory in Greer, South Carolina.In […]<\/p>\n","protected":false},"author":21,"featured_media":142469,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[16,4,61],"tags":[],"class_list":["post-142452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry","category-top-stories-today","category-transport"],"acf":[],"featured_image_urls_v2":{"full":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/11\/Scherm%C2%ADafbeelding-2023-11-13-om-10.09.49.png?fit=1396%2C753&ssl=1",1396,753,false],"thumbnail":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/11\/Scherm%C2%ADafbeelding-2023-11-13-om-10.09.49.png?resize=150%2C150&ssl=1",150,150,true],"medium":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/11\/Scherm%C2%ADafbeelding-2023-11-13-om-10.09.49.png?fit=300%2C162&ssl=1",300,162,true],"medium_large":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/11\/Scherm%C2%ADafbeelding-2023-11-13-om-10.09.49.png?fit=640%2C345&ssl=1",640,345,true],"large":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/11\/Scherm%C2%ADafbeelding-2023-11-13-om-10.09.49.png?fit=640%2C345&ssl=1",640,345,true],"1536x1536":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/11\/Scherm%C2%ADafbeelding-2023-11-13-om-10.09.49.png?fit=1396%2C753&ssl=1",1396,753,true],"2048x2048":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/11\/Scherm%C2%ADafbeelding-2023-11-13-om-10.09.49.png?fit=1396%2C753&ssl=1",1396,753,true],"trp-custom-language-flag":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/11\/Scherm%C2%ADafbeelding-2023-11-13-om-10.09.49.png?fit=18%2C10&ssl=1",18,10,true],"related-thumb":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/11\/Scherm%C2%ADafbeelding-2023-11-13-om-10.09.49.png?resize=640%2C480&ssl=1",640,480,true],"gform-image-choice-sm":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/11\/Scherm%C2%ADafbeelding-2023-11-13-om-10.09.49.png?resize=300%2C300&ssl=1",300,300,true],"gform-image-choice-md":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/11\/Scherm%C2%ADafbeelding-2023-11-13-om-10.09.49.png?resize=400%2C400&ssl=1",400,400,true],"gform-image-choice-lg":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/11\/Scherm%C2%ADafbeelding-2023-11-13-om-10.09.49.png?resize=600%2C600&ssl=1",600,600,true],"mailchimp":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/11\/Scherm%C2%ADafbeelding-2023-11-13-om-10.09.49.png?fit=560%2C302&ssl=1",560,302,true],"unipress-phone":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/11\/Scherm%C2%ADafbeelding-2023-11-13-om-10.09.49.png?resize=640%2C100&ssl=1",640,100,true],"unipress-tablet":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/11\/Scherm%C2%ADafbeelding-2023-11-13-om-10.09.49.png?resize=1396%2C240&ssl=1",1396,240,true],"unipress-tablet-portrait":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/11\/Scherm%C2%ADafbeelding-2023-11-13-om-10.09.49.png?resize=1396%2C180&ssl=1",1396,180,true],"unipress-tablet-landscape":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/11\/Scherm%C2%ADafbeelding-2023-11-13-om-10.09.49.png?resize=1396%2C180&ssl=1",1396,180,true],"unipress-smartphone":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/11\/Scherm%C2%ADafbeelding-2023-11-13-om-10.09.49.png?resize=1080%2C168&ssl=1",1080,168,true],"unipress-wide-screen":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/11\/Scherm%C2%ADafbeelding-2023-11-13-om-10.09.49.png?resize=1396%2C180&ssl=1",1396,180,true]},"post_excerpt_stackable_v2":"

Swedish Volvo Group, the parent company behind Volvo Trucks, Mack Trucks, and Renault Trucks, has acquired Proterra’s battery plants in the US. Volvo Group paid $210 million (\u20ac195 million) before adjustment for inventory level at closing, including a development center for battery modules and packs in California and an assembly factory in Greer, South Carolina.In November 2023, Volvo was selected as the winning bidder in an auction for the battery assets of Californian public transit bus and electric commercial vehicles specialist Proterra, which has been in a voluntary Chapter 11 bankruptcy process since August. Volvo now says it intends to…<\/p>\n","category_list_v2":"Industry<\/a>, Top Stories Today<\/a>, Transport<\/a>","author_info_v2":{"name":"Joris Van Roy","url":"https:\/\/newmobility.news\/en\/author\/jorisximcom-be\/"},"comments_num_v2":"0 comments","yoast_head":"\nVolvo Group completes acquisition of Proterra's battery business (update) - newmobility.news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newmobility.news\/en\/2024\/02\/06\/volvo-group-acquires-us-battery-plants-from-proterra\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Volvo Group completes acquisition of Proterra's battery business (update) - newmobility.news\" \/>\n<meta property=\"og:description\" content=\"Swedish Volvo Group, the parent company behind Volvo Trucks, Mack Trucks, and Renault Trucks, has acquired Proterra's battery plants in the US. Volvo Group paid $210 million (\u20ac195 million) before adjustment for inventory level at closing, including a development center for battery modules and packs in California and an assembly factory in Greer, South Carolina.In […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newmobility.news\/en\/2024\/02\/06\/volvo-group-acquires-us-battery-plants-from-proterra\/\" \/>\n<meta property=\"og:site_name\" content=\"newmobility.news\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/search\/top\/?q=newmobility.news\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-06T08:50:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-06T10:31:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/newmobility.news\/wp-content\/uploads\/2023\/11\/Scherm\u00adafbeelding-2023-11-13-om-10.09.49.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1396\" \/>\n\t<meta property=\"og:image:height\" content=\"753\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Joris Van Roy\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@jorisvry\" \/>\n<meta name=\"twitter:site\" content=\"@jorisvry\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Joris Van Roy\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/newmobility.news\\\/2024\\\/02\\\/06\\\/volvo-group-acquires-us-battery-plants-from-proterra\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/newmobility.news\\\/2024\\\/02\\\/06\\\/volvo-group-acquires-us-battery-plants-from-proterra\\\/\"},\"author\":{\"name\":\"Joris Van Roy\",\"@id\":\"https:\\\/\\\/newmobility.news\\\/#\\\/schema\\\/person\\\/993f2da7cd774079044984132dee0ef0\"},\"headline\":\"Volvo Group completes acquisition of Proterra’s battery business (update)\",\"datePublished\":\"2024-02-06T08:50:05+00:00\",\"dateModified\":\"2024-02-06T10:31:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/newmobility.news\\\/2024\\\/02\\\/06\\\/volvo-group-acquires-us-battery-plants-from-proterra\\\/\"},\"wordCount\":494,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/newmobility.news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/newmobility.news\\\/2024\\\/02\\\/06\\\/volvo-group-acquires-us-battery-plants-from-proterra\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/newmobility.news\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Scherm%C2%ADafbeelding-2023-11-13-om-10.09.49.png?fit=1396%2C753&ssl=1\",\"articleSection\":[\"Industry\",\"Top Stories Today\",\"Transport\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/newmobility.news\\\/2024\\\/02\\\/06\\\/volvo-group-acquires-us-battery-plants-from-proterra\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/newmobility.news\\\/2024\\\/02\\\/06\\\/volvo-group-acquires-us-battery-plants-from-proterra\\\/\",\"url\":\"https:\\\/\\\/newmobility.news\\\/2024\\\/02\\\/06\\\/volvo-group-acquires-us-battery-plants-from-proterra\\\/\",\"name\":\"Volvo Group completes acquisition of Proterra's battery business (update) - 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