Volvo: alleanza con Northvolt per progettare e produrre pack batterie

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Volvo Car Group, owned by China's Geely Holding, announced plans on Monday for a joint venture with Swedish battery maker Northvolt to develop sustainable batteries for its electric cars and set up a factory for production.

The companies aim to set up a research and development center in Sweden to begin operations in 2022 and start a factory in Europe with a potential capacity to produce up to 50 gigawatt hours (GWh) per year in 2026.

"Working closely with Northvolt will also allow us to strengthen our in-house development capabilities," said Håkan Samuelsson, chief executive at Volvo Car Group.

 

Northvolt will become Volvo Cars' exclusive battery cell production partner in Europe.

 

The factory will be powered by clean energy and is expected to employ around 3,000 people. The location of the plant has yet to be decided.

Northvolt raised $2.75 billion in equity this month to expand capacity at the factory it is building in northern Sweden, and Volvo plans to source battery cells from that battery plant starting in 2024.

 

 

Via Carscoop