Volvo Cars says it still wants to make batteries eventually, but can't say when or how

Volvo Cars says it still wants to make batteries eventually, but can't say when or how

 Tobias SCHWARZ

Swedish automaker Volvo Cars said Tuesday that it was pausing operations at a battery factory under construction, dismissing all 75 workers there, after failing to find a partner for the business.

Volvo Cars, majority-owned by the Chinese conglomerate Geely, last year took full control of NOVO Energy, a subsidiary it had previously shared with Northvolt, a battery maker that went bankrupt in March.

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