Why Tesla could face a tough challenge from the Volvo-Northvolt battery joint venture

Volvo Northvolt cell Arc 2024 — Volvo and Northvolt's JV Novo Energy aims to product battery cells for about 500,000 electric cars a year at full capacity. (NOVO ENERGY)

Douglas A. Bolduc

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August 28, 2024 03:00 AM

Adrian Clarke, CEO of Novo Energy, a joint venture between Volvo and Swedish battery maker Northvolt, hopes to use his experience at previous employer Tesla to boost the performance of the joint venture's new gigafactory when it starts producing batteries in late 2026.

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