Volvo Cars' battery venture Novo Energy has announced a workforce reduction and organisational changes, cutting 50% of its employees. This decision follows the bankruptcy of its technology partner ...

(This May 5 story has been corrected to say that the planned transaction to raise Volvo Cars stake in Novo Energy to 100% from 50% is still pending approval, in paragraph 9) STOCKHOLM (Reuters ...

Novo Nordisk A/S has secured land and planning permissions for what may be its next major factory site in Denmark as the 100-year-old company works to meet soaring demand for its weight loss drugs.

(RTTNews) - NOVO Energy, the battery unit of Swedish luxury car maker Volvo Car AB (VLVOF, VOLCAR-B.ST), announced Monday around 50 percent reduction in its workforce, as part of its actions to ...

The NOVO Energy building could be multifunctional and various options are now being considered on the assumption that Volvo Cars reaches full ownership. Any battery production at NOVO Energy is ...

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 ...

Novo Energy cuts a further 150 jobs Northvolt bankruptcy impacts Novo Energy's operations Volvo Cars aims to continue battery production in Gothenburg STOCKHOLM, May 5 (Reuters) - (This May 5 ...

STOCKHOLM (Reuters) - 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 ...