They didn’t buy the Transit division, so that seems unlikely. Just the Powered division. Volvo actually stepped out of the bus market recently, they won’t be making their own buses anymore, but would still act as an OEM.

Heavy vehicles use them, like trucks and buses. In The Netherlands alone I already know DAF, VDL, and Ebusco who make electric vehicles in Europe with LFP batteries. Just not passenger cars. So there is definitely a demand for LFP cells in Europe, and European passenger cars using LFP are definitely on the way.