Business
Arctic Falls Signs LoI With Volvo Cars Regarding Winter Test Facility
Arctic Falls Signs LoI With Volvo Cars Regarding Winter Test Facility
About this update from Arctic Falls Ab
Arctic Falls AB OMXSTO:ARFA:SIGNS LETTER OF INTENT WITH VOLVO CARSCOLLABORATION COULD REPRESENT 10–15% OF ARCTIC FALLS' CURRENT ANNUAL REVENUELOI REGARDING CONSTRUCTION AND LONG-TERM LEASE OF NEW WINTER TEST FACILITYESTIMATES THAT INVESTMENT COULD BE FINANCED VIA EXISTING CASH RESERVES, BANK FINANCINGFINAL AGREEMENT TARGETED FOR JULY–SEPT 2026; FACILITY OPERATIONAL IN 2028