A part of Northvolt's German division has applied for restructuring, a spokesperson for the insolvent Swedish battery cell ...

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 ...

Northvolt went bankrupt and Novo’s plant in Gothenburg is facing a financial crisis.Amid all this, plans are moving forward ...

The decision comes after evaluating its business in light of the bankruptcy of Sweden’s Northvolt, which originally co-owned ...

and then producing battery cells at a massive scale. With that scope came massive risk. Building and scaling cell manufacturing — especially outside Asia — is notoriously difficult. Northvolt ...

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

As uncertainty rises in consumer adoption of EVs and global market forces cause disruption to existing electrification plans, ...

Northvolt had for months attempted to sell some of its non-core businesses to try to rescue its core operations that produce battery cells for EVs. Scania said the purchase was in line with its ...