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Volvo’s Battery Drama: 50% Job Cuts!

Volvo’s battery company, Novo Energy, is slashing half its workforce after Northvolt, their original partner, went bankrupt. Even after hunting for a new tech partner, the tough economy means they just can’t keep things running at full speed. The battery factory in Sweden is almost built, but no equipment’s inside yet. Volvo’s still hoping to find a new partner and maybe share the plant with other brands. Wild times for EV batteries! #Volvo #BatteryNews #Layoffs #EVs #Northvolt #TechIndustry #Cars