Volvo Cars and Northvolt Invest in New Battery Plant In Gothenburg, Sweden – Opening in 2025
Volvo Cars and Northvolt have announced a new battery plant in Gothenburg, Sweden that will open in 2025. The plant is expected to create up to 3,000 jobs and complement the planned R&D centre that both companies announced in December as part of an investment of approximately SEK 30 billion. Construction of the plant will start in 2023 and it will produce state-of-the-art battery cells for use in next generation pure electric Volvo and Polestar cars. The plant has a potential annual cell production capacity of up to 50 gigawatt hours.
The new battery plant is part of Volvo Cars’ electrification strategy as the company aims to produce and sell only fully electric cars by 2030. This move will significantly strengthen Volvo Cars’ position in the electric vehicle market. The close ties with Northvolt will also ensure that Volvo Cars can access the latest technology and expertise in battery development.
The new battery plant is expected to bring numerous benefits to Gothenburg, Sweden. It will create thousands of jobs, boost the local economy, and provide a major source of renewable energy. Additionally, the plant will help reduce emissions from transportation by providing clean energy sources for electric vehicles.
In addition to the new battery plant, Volvo Cars and Northvolt are also working on a research and development center which is expected to be completed by 2022. This center will focus on developing advanced technologies for electric vehicles such as battery cells, charging systems, and autonomous driving systems.
Overall, Volvo Cars and Northvolt’s announcement of a new battery plant in Gothenburg, Sweden is great news for the electric vehicle industry. The new plant will create thousands of jobs, boost the local economy, and provide a major source of renewable energy. Additionally, it will help reduce emissions from transportation by providing clean energy sources for electric vehicles. Finally, the close ties with Northvolt will ensure that Volvo Cars can access the latest technology and expertise in battery development.
What is Volvo Cars and Northvolt announcing?
Volvo Cars and Northvolt are announcing the construction of a new battery manufacturing plant in Gothenburg, Sweden. The plant will commence operations in 2025 and create up to 3,000 jobs.
When will construction of the plant start?
Construction of the plant will start in 2023.
What will the plant produce?
The plant will produce state-of-the-art battery cells, specifically developed for use in next generation pure electric Volvo and Polestar cars.
What is the potential annual cell production capacity of the plant?
The plant has a potential annual cell production capacity of up to 50 gigawatt hours.
How does this announcement fit into Volvo Cars' electrification strategy?
The new plant and close ties with Northvolt will significantly strengthen Volvo Cars’ electrification strategy as the company aims to produce and sell only fully electric cars by 2030.
What was announced in December?
In December, Volvo Cars and Northvolt announced an investment of approximately SEK 30 billion which included a planned R&D centre.
How can I access the live webcast to mark the announcement?
The two companies will jointly host a live webcast to mark the announcement at 09:00 CET today (Friday 4 February), accessible . You can access the webcast here: [link].
What other investments have been made in the project?
In addition to the SEK 30 billion investment announced in December, Volvo Cars and Northvolt have also invested in a new battery assembly plant in Ghent, Belgium. This will be operational from 2022 and produce up to 60,000 battery packs annually.
What are the benefits of this new plant?
The new plant in Gothenburg will bring a number of benefits to Volvo Cars and Northvolt. It will create up to 3,000 jobs, provide access to state-of-the-art battery cells for next generation pure electric cars, and have a potential annual cell production capacity of up to 50 gigawatt hours.
What is the timeline for the project?
Construction of the plant is expected to start in 2023 and operations to commence in 2025. The new battery assembly plant in Ghent, Belgium will be operational from 2022 and produce up to 60,000 battery packs annually.