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NOVO Energy, Volvo's Subsidiary, Declares Halt in Operations
2026-01-13 /
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Author：小编
On January 13, 2026, NOVO Energy, a battery - manufacturing firm under Volvo Cars, released a statement indicating that it would be compelled to suspend its operations as initially scheduled. This suspension would persist until a new partner specializing in battery technology could be secured. Consequently, NOVO Energy has formulated plans to implement layoffs across all job positions within the company. The company has already submitted a layoff notice to the Swedish labor market regulatory authority, encompassing 75 positions. Additionally, it has duly informed the relevant trade unions of this development.
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