Novo Energy Cuts 50% Jobs After Northvolt Collapse & Setbacks
Novo Energy Slashes Workforce Amid Fallout from Northvolt Collapse and Mounting Financial Struggles In a stark signal of the turbulence rocking the European electric vehicle (EV) battery sector, Novo Energy—Volvo Cars’ battery arm—has announced it will lay off half of its workforce, affecting around 150 employees. The move comes as part of a sweeping cost-reduction … Read more