Volvo Cars and Northvolt are opening a new, 3,000-job battery manufacturing plant in Gothenburg, Sweden, which will commence operations in 2025. Volvo Cars says the new plant and close ties with Northvolt will significantly strengthen its electrification strategy as the company aims to produce and sell only fully electric cars by 2030.
Construction of the plant will start in 2023 and the companies say the plant will produce state-of-the-art battery cells, specifically developed for use in next-generation pure electric Volvo and Polestar cars. The plant will have a potential annual cell production capacity of up to 50GWh, which would supply batteries for approximately half a million cars per year.
The plant will be powered by fossil-free energy with a focus on driving renewable energy capacity in the region, the companies say.
The partnership between Volvo Cars and Northvolt will focus on developing tailor-made batteries and vehicle integration concepts that give Volvo and Polestar drivers what they want, the companies say, such as long range and quick charging times.