Volvo Cars' battery company Novo Energy to cut workforce by 50%
- Posted on May 5, 2025
- By Google News
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Volvo Cars' battery company Novo Energy to cut workforce by 50%
Volvo Cars' Novo Energy said on Monday it will cut its workforce by 50% to reduce costs after an evaluation of its business following the bankruptcy of Sweden's Northvolt, which originally co-owned the battery venture.
