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

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

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

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 ...

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 Cars' battery company Novo Energy said on Monday it will cut its workforce by 50% to reduce costs after evaluating its business to take account of the bankruptcy of Sweden's Northvolt ...

Volvo Cars' Novo Energy said on Monday it will cut its workforce by 50% to reduce costs after an evaluation of its business ...

Volvo Cars’ Novo Energy said today it will cut its workforce by 50% to reduce costs after evaluating its business in light of the bankruptcy of Sweden’s Northvolt, which originally co-owned ...

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