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

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.

Volvo Cars says it will pay Northvolt almost nothing for battery joint venture stake Volvo Cars will pay Northvolt almost nothing for its 50% stake in their battery venture Novo Energy that it had ...

Zilia, a Quebec City-based medical technology company specializing in non-invasive ocular biomarker assessment, has successfully closed a bridge financing round with participation from both existing ...

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 ...

HANOI :Vietnamese budget airline Vietjet said on Tuesday it had bought a strategic stake in Kazakhstan's Qazaq Air to form a joint venture that will operate a fleet of at least 20 Boeing 737 aircraft.

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 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 ...

Shares of Pony.ai surged after the maker of robotaxis struck a deal to add its vehicles to ride-hailing app Uber Technologies' fleet, beginning with a pilot program in the Middle East. The self ...

This joint venture reflects a broader evolution in the private credit landscape, where asset managers and banks are collaborating to provide scalable, differentiated capital solutions to borrowers.

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