STOCKHOLM (Reuters) - Swedish truckmaker Volvo said on Friday it had won an auction for the battery business of troubled Proterra in the United States with a $210 million bid.
The auction was part of the electric vehicle part supplier's ongoing U.S. Chapter 11 bankruptcy protection process.
Volvo said in a statement it aimed to finalise the acquisition, which is pending approval by the bankruptcy court, early next year.
(Reporting by Anna Ringstrom, editing by Terje Solsvik)
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| 284.6 SEK | +2.14% | +0.96% | 54.45B | ||
| 0.012 USD | +19.26% | +15.82% | 2.75M | ||
