Volvo and Northvolt Announced a New Battery Plant in Gothenburg Sweden – Volvo and Swedish battery company Northvolt announced a new battery factory. They announced this on Friday last week. The battery factory is located near the automaker’s main assembly plant in Gothenburg, Sweden.
Both parties agreed to schedule the opening of the plant in 2025. However, the construction of the plant will begin next year. The joint-venture plant will have a “potential” annual battery cell production capacity of up to 50 gigawatt-hours. That value will be enough for 500,000 EVs per year, Volvo said in a press release.
Volvo and Northvolt Announced a New Battery Plant in Gothenburg Sweden
Adrian Clarke will run the joint venture. He is none other than a former Tesla executive previously linked to the American automaker’s new factory near Berlin. Between the factory and the R&D center operated together at the site. Volvo expects to create 3,000 new jobs.
It will be interesting to watch the progress because the factory will only use renewable energy. Operate will be based on the so-called circular economy principle. That is with a focus on minimizing waste and reusing materials where possible, says Volvo. The automaker said in 2021 it would make its South Carolina assembly plant all-electric before anything else—even a factory in China.
The release says the Gothenburg battery factory will produce cells “developed specifically for use in the next generation of pure electric Volvo and Polestar cars.” But the plant will be located adjacent to Volvo’s “home” plant, which does not produce Polestar cars. The spin-off brand uses a Chinese factory—or, as early as later this year, a South Carolina factory.
Volvo and Polestar have each developed their own electric motors, but perhaps this means they can share battery cell resources.
The Polestar 2 does share the Compact Modular Architecture (CMA) platform with the Volvo XC40 Recharge, but with a different body style, a greater emphasis on a sporty ride, and a more limited production line.
The XC40 Refill is already shipping in the US, and the C40 Refill is coming soon. Volvo targets every car it sells to be fully electric by 2030.