Volvo Cars' battery company Novo Energy said on Monday it will cut its workforce by 50% to reduce costs after evaluating its ...

Volvo Cars' battery venture Novo Energy has announced a workforce reduction and organisational changes, cutting 50% of its ...

Novo Energy, the battery subsidiary of Swedish car manufacturer Volvo Cars, is cutting every second job. This is a reaction ...

Layoffs at Volvo and its battery firm Novo Energy highlight the uncertain economic conditions automakers face in 2025.

Novo Energy, a Volvo Cars venture, plans a 50% workforce reduction post evaluation, due to Northvolt's bankruptcy. Despite efforts to secure a new partner, current economic conditions hinder ...

Novo Energy, the battery subsidiary of Swedish automaker Volvo Cars, will terminate 50% of its workforce-approximately 150 employees-as part of a drastic cost-cutting strategy triggered by the ...

Northvolt went bankrupt and Novo’s plant in Gothenburg is facing a financial crisis.Amid all this, plans are moving forward ...

After Northvolt's bankruptcy, Novo Energy, co-owned by Volvo Cars, is cutting 50% of its workforce to reduce costs. Despite efforts to find a new technology partner, economic and market challenges ...

Novo Energy, a joint venture by Northvolt and Volvo Cars founded in 2021, plans to construct a battery plant in Gothenburg. Credit: Best Auto Photo / Shutterstock.com. Volvo Cars’ battery ...

Northvolt and Volvo Cars formed Novo Energy in 2021 to build a dedicated battery factory in Gothenburg on Sweden's west coast. The joint venture already in January began cost-cutting measures ...