Volvo subsidiary Norwegian Energy to lay off large numbers of employees due to Northvolt bankruptcy

After Northvolt went bankrupt, Volvo's Novo Energy conducted a comprehensive assessment and decided to lay off 50% of its employees to reduce costs. Northvolt was once a major shareholder of Novo Energy, and its bankruptcy had a significant impact on Novo Energy. Despite the difficulties, Novo Energy is still committed to finding new partners and continuing to develop in the field of battery production.