Volvo car announcing an important step towards the ambition of becoming a leading, all-electric carmaker by 2030.
Volvo Cars and Northvolt will open a joint research and development (R&D) center in Gothenburg as part of a SEK 30 billion investment in battery development and manufacturing.
Together with Northvolt, we’re investing around SEK 30 bln in the development and sustainable production of batteries for next-generation pure electric Volvo models. We’ll open a new R&D center in Gothenburg in 2022, followed by a new battery plant at a yet-to-be-determined location in Europe in 2026.
Together, the two new facilities will create several thousand new jobs and result in state-of-the-art, high-quality battery cells that are tailor-made for our future pure electric cars. Apart from being key to our 2030 ambitions, our partnership with Northvolt also represents an important step forward in strengthening our development capabilities.
“Our partnership with Northvolt secures the supply of high-quality, sustainably-produced batteries for the next generation of pure electric Volvos,” said Håkan Samuelsson, chief executive for Volvo Cars. “It will strengthen our core competencies and our position in the transformation to a fully electric car company.”
Volvo Cars and Northvolt to open Gothenburg R&D center as part of SEK 30bn investment in battery development and manufacturing
Volvo Cars and Northvolt will open a joint research and development (R&D) center in Gothenburg as part of a SEK 30 billion investment in battery development and manufacturing.
The R&D center, which will become operational in 2022, will create a few hundred jobs in Gothenburg and positions Volvo Cars as one of the few automotive brands to make battery cell development and production part of its end-to-end engineering capabilities.
