Robin Zeng, the billionaire head of battery giant CATL, expects that half of all new trucks sold in China will be ...

With more people seeking to buy vehicles, new car lots began to have shortages of vehicles as automobile manufacturers faced ...

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 ...

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

Six decades after pioneering transport operator and entrepreneur Max Winkless first introduced the Volvo brand to Australian operators, Volvo Trucks is showcasing a range of locally engineered ...

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

The new XC70 is slightly larger and more spacious compared to the XC60 model. Volvo claims the XC70 will travel up to 124 miles (200 km) on electric power alone. Familiar design elements from ...

Following the report, however, several auto parts suppliers with huge debt obligations suffered from rising interest rates and inflation. Some retailers, such as Advance Auto Part ...

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

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

Battery Production Gothenburg: "Despite our best efforts to secure our business and an extensive ongoing search for a suitable new technology partner, the current economic challenges and market ...