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Friday, May 23, 2025
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EV battery industry
Breaking News
Novo Energy, Volvo’s Battery Partner, to Reduce Workforce by 50% Amid EV Market Slowdown
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May 6, 2025
Novo Energy, the battery production joint venture between Volvo Cars and Northvolt, has made a significant restructuring step—reducing its workforce by 50%. The move is in response to increasing pressure in the electric vehicle (EV) market, as...
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