NOVO Energy AB is a Sweden-based developer and manufacturer of lithium‑ion battery cells for electric vehicles. Founded as a joint venture between Volvo Cars and Northvolt, the company focuses on advanced cell chemistry, engineering, and industrialization to support European automotive electrification.
Headquartered in Gothenburg, NOVO Energy is establishing an R&D center and large‑scale cell production to supply next‑generation batteries, with an emphasis on safety, performance, and reduced lifecycle carbon footprint. The company prioritizes renewable electricity for production and responsible sourcing across its supply chain, reflecting broader industry goals for sustainable, traceable battery materials and potential circularity through recycling. NOVO Energy’s activities position it within the chemical and advanced materials value chain, supplying key electrochemical components critical to vehicle electrification.