Volvo's Battery Unit NOVO Energy Halts Operations and Begins Full Workforce Layoffs

From：Internet Info Agency 2026-01-13 17:26:07

Volvo Cars' battery subsidiary, NOVO Energy, recently announced it is suspending operations. In a statement, the company said it cannot proceed with its business as originally planned until it secures a new technology partner. As a result, NOVO Energy will initiate layoffs affecting all positions. The company has informed the relevant unions and filed a notice with Sweden’s labor market authority regarding the termination of 75 jobs. This move marks a temporary halt to its battery business.

Editor：NewsAssistant

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