Valmet Automotive Oyj is transferring from Tesi to direct state ownership as part of a broader corporate and financial arrangement. Simultaneously, Valmet Automotive's subsidiary Ioncor Oy, which focuses on battery business, will become a subsidiary of Finnish Minerals Group Oy, which is wholly owned by the state and develops the battery value chain.
Valmet Automotive transfers from Tesi to direct state ownership
September 1, 2025