Volvo and Swedish battery firm Northvolt on Friday announced a new battery plant, close to the automaker’s key assembly plant in Gothenburg, Sweden.
Scheduled to open in 2025, the joint-venture plant will have a “prospective” annual battery cell production capacity of up to 50 gigawatt-hours, which would be adequate for 500,000 EVs annually, Volvo stated in a press release.
2021 Volvo XC40 Recharge
Adrian Clarke, a former Tesla executive previously linked with the American automaker’s new factory close to Berlin, will run the joint venture factory, which is scheduled to commence building in 2023. Between the factory and a jointly-operated R&D center at the website, Volvo expects to generate three,000 new jobs.
The plant will use only renewable power will be operated primarily based on so-referred to as circular financial principles, with a concentrate on minimizing waste and reusing components exactly where feasible, Volvo stated. The automaker stated in 2021 that it will make its South Carolina assembly plant all-electric ahead of others—even factories in China.
2022 Volvo C40 Recharge
Volvo and Polestar are each and every establishing their personal electric motors, but probably this implies they may possibly share battery cell sources.
The Polestar two does share the Compact Modular Architecture (CMA) platform with the Volvo XC40 Recharge, but with a distinct physique style, higher emphasis on sporty driving, and much more restricted production.
The XC40 Recharge is currently getting delivered in the U.S., and the C40 Recharge is coming quickly. Volvo aims for every single car or truck it sells to be totally electric by 2030.
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Keyword: Volvo-Northvolt joint venture battery plant due in 2025, could supply for 500,000 EVs annually