Proterra Inc. and Proterra Operating Company Inc. are in a voluntary Chapter 11 bankruptcy process in the US. Volvo Group has been selected as the winning bidder in an auction for the business and assets of the Proterra Powered business unit at a purchase price of USD 210M.
Although funny enough Geely also owns a stake in Volvo group; a bit under 10% or so
Lot of fingers in a lot of pots