Northvolt and Volvo Cars formed Novo Energy in 2021 to build a dedicated battery factory in Gothenburg on Sweden's west coast. The joint venture already in January began cost-cutting measures ...

STOCKHOLM (Reuters) - Volvo (OTC:VLVLY) 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 ...

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 Sweden's Northvolt, which ...

Northvolt and Volvo Cars initially formed Novo Energy in 2021 to build a dedicated battery factory in Gothenburg on Sweden’s west coast. The joint venture already in January launched cost ...

Years back we would say it takes about seven miles of driving to recharge the battery after each start. With today’s computer-controlled cars, it probably takes longer. And today, the charging ...

In fact, some cars might have to go back to the dealer to have the computer reset. (Keeping these memories alive is why the battery can go dead if the car is left to sit for a long period without ...

COPENHAGEN (Reuters) -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 ...