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

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 ...

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

Northvolt, once considered Europe's best hope for a battery champion ... and an extensive ongoing search for a suitable new technology partner, the current economic challenges and market ...

After Northvolt's bankruptcy, Novo Energy, co-owned by Volvo Cars, is cutting 50% of its workforce to reduce costs. Despite ...

Then $75 per month. Complete digital access to quality FT journalism on any device. Cancel anytime during your trial.

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

Scania Power Solutions head Sara Hermansson said: “Northvolt Systems Industrial Division brings valuable expertise in battery technology and assembly. “Their capabilities strengthen our ...

Novo said that producing batteries with a new technology partner ... sum and thus take full ownership. Northvolt, once considered Europe's best hope for a battery champion, filed for bankruptcy ...

Lyten launches U.S.-made lithium-sulfur batteries for drones, supporting defense UAVs with lightweight, long-endurance power ...

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