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

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 ...

Novo Energy, Volvo Cars' battery company, plans to cut its workforce by half due to economic challenges and Northvolt's ...

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 ...

Volvo agreed with Northvolt to take over its 50 percent stake in the company following the battery maker’s bankruptcy.

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 ...

Established in 2021 by Northvolt and Volvo Cars, Novo Energy is aimed to build a dedicated battery factory in Gothenburg, Sweden. The company will maintain limited operations while completing 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, ...