News

May 5, 2025

Battery factory Novo Energy halves workforce following Northvolt bankruptcy

The joint venture set up by Northvolt and Volvo Cars has announced a resizing of operations to cut costs


Mimi Billing

2 min read

Swedish battery factory Novo Energy, the joint venture set up by Northvolt and Volvo Cars, has announced it is laying off 50% of its employees following an evaluation of its operations in the wake of Northvolt’s bankruptcy.

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Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

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