Volvo is expanding its commitment in Gothenburg by adding a new plant to the research and development center announced last year battery production which will be born in the Swedish city. The site that will deal with the assembly of accumulators will be built in collaboration with Northvolt and will go into operation in 2025, creating 3,000 jobs. The total investment by the Scandinavian carmaker is 30 billion Swedish kronor. The new battery site fits into the brand’s electrification strategy which plans to sell only electric cars by 2030.
The latest generation accumulators produced in Gothenburg will be used on both Volvo and Polestar models, with the new plant having a capacity annual production of cells up to 50 gigawatt hours (GWh), thanks to which it will be possible to supply batteries for about half a million cars a year. The location of the plant, which will be built in Torslanda near Gothenburg, offers advantages in terms of direct access to Volvo Cars’ largest car plant, access to infrastructure, good renewable energy supply and specific professional skills, as well as proximity to Volvo Cars and Northvolt R&D centers.
“The partnership with Northvolt for battery cells is essential to achieve our strategic electrification goal “, said Håkan Samuelsson, Volvo Cars CEO. “We intend to become a leader in the high-end electric car segment and to sell only 100% electric cars by 2030”. The R&D center, which will become operational in 2022, will create several hundred jobs in Gothenburg and position Volvo Cars as one of the few automotive brands to include the development and production of battery cells in its 360 ° engineering expertise. The partnership between Volvo Cars and Northvolt will focus on developing customized batteries and vehicle integration concepts that give Volvo and Polestar drivers what they want most, such as long driving range and fast charging times. Achieving deep vertical integration between battery development and production is very important to Volvo Cars and Polestar, as the battery represents the largest individual cost component in an electric car, as well as an important part of the company’s footprint. carbon.
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