Volvo Cars and Northvolt join forces to develop and manufacture batteries
Written by Kfir Kedem – December 13, 2021
Reviewed by Asaf Kedem
Volvo Cars plans to sell solely electric cars by 2030. The subsidiary develops and manufactures the Swedish giant’s passenger car line. With this ambitious goal come many challenges. One of which is the battery. To overcome this challenge, Volvo Cars has formed a joint venture with Northvolt.
This partnership includes the erection and use of a research and development center in Gothenburg which will be running in 2022. With it, Volvo Cars will have batteries manufactured in Northvolt’s newest manufacturing plant. There is no location set for that plant, however, it will have the potential capacity of 50 gigawatt hours per year. Additionally it will manufacture batteries for about half a million cars annually. The opening date is set for 2023 with large-scale production set for 2026.
Auto Trendy’s take:
Although it is a natural move for Volvo Cars to electrify its entire fleet by 2030, it is still interesting to see how fast the other Volvo subsidiaries will follow. Furthermore, a partnership with Northvolt seems like a good way to solidify reliable and sustainable batteries. Especially when considering Northvolt’s plant sizes and development of technologies such as the 100% recyclable battery.