But in the past year all that has unravelled rapidly, leaving Northvolt bankrupt, investors nursing big losses and Europe’s ...

Volvo Cars' battery venture Novo Energy has announced a workforce reduction and organisational changes, cutting 50% of its employees. This decision follows the bankruptcy of its technology partner, ...

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 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 ...

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

At 12:00 on Friday, the staff were called to an “all hands” meeting at the bankrupt Northvolt. According to several employees Norran has spoken to, the meeting began with management pointing out that ...

Volvo Cars and Northvolt would form a joint venture to develop batteries, including setting up a gigafactory for production and research and development centre. Volvo said preliminary sales ...

Volvo Battery Mariestad Operation AB – that is the name of ... The energy company will need to deliver 420 megawatts, significantly more than the requirement for Northvolt’s factory in Skellefteå. The ...

Northvolt's $15 billion collapse shook the cleantech industry. Its bankruptcy highlights risks in ambitious electric vehicle battery production. Redwood Materials is taking a different approach ...

Automakers and dealers that are in states adopting California’s Advanced Clean Cars II rule – which sets ambitious, annually escalating ZEV sales mandates and threatens stiff penalties for ...

Novo Energy cuts a further 150 jobs Northvolt bankruptcy impacts Novo Energy's operations Volvo Cars aims to continue battery production in Gothenburg STOCKHOLM, May 5 (Reuters) - (This May 5 ...

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 ...