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 ...

Scania, the truck manufacturing subsidiary of Volkswagen, has agreed to acquire Industrial Division of Northvolt Systems to strengthen its off-road electrification capabilities. The deal includes ...

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

Volvo Cars in February agreed with Northvolt to take over its 50% stake in Novo Energy, which included a planned Gothenburg ...

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

Peter Carlsson has teamed up with Siddharth Khullar, who led Northvolt’s AI efforts, to develop an industrial software platform.

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 ...