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Novo Energy

Novo Energy Cuts 50 Percent of Workforce at Volvo Battery Plant

Novo Energy Cuts 50 Percent of Workforce at Volvo Battery Plant

1 MIN READ

A Transitional Year for Volvo Cars Causes the Share to Plummet

A Transitional Year for Volvo Cars Causes the Share to Plummet

2 MIN READ

A record year that ended weakly. Now Volvo Cars is bracing for continued challenges on the car market in 2025 – and the stock plummeted on the stock exchange

Volvo buys out Northvolt from Novo Energy

Volvo buys out Northvolt from Novo Energy

1 MIN READ

Almost every third person is laid off at Novo Energy

Almost every third person is laid off at Novo Energy

1 MIN READ

The battery manufacturer Novo Energy in Gothenburg – partly owned by crisis-stricken Northvolt and car manufacturer Volvo Cars – is laying off 120 employees. "A tough but necessary decision", says CEO Adrian Clarke according to a press release

Volvo Cars wants to buy out Northvolt – breach of contract

Volvo Cars wants to buy out Northvolt – breach of contract

3 MIN READ

Volvo Cars will exercise its right of redemption to oust crisis-stricken Northvolt from the jointly owned multi-billion project Novo Energy, according to the car manufacturer. This is because Northvolt has breached the shareholders' agreement

Volvo Cars: No Money to Northvolt

Volvo Cars: No Money to Northvolt

2 MIN READ

The car manufacturer Volvo Cars does not intend to participate in the financing that could save the crisis-stricken battery manufacturer Northvolt from bankruptcy, reports the news agency Bloomberg. Absolutely not, says Volvo Cars' CEO Jim Rowan

Northvolt company seeks billion grant for factory

Northvolt company seeks billion grant for factory

1 MIN READ