Volvo has introduced a brand new 50 GWh battery cell gigafactory coming to Europe in partnership with Northvolt.
Earlier this 12 months, Volvo announced that it plans to only sell electric cars by 2030 and believes that the inner combustion engine has no future.
With the intention to make it occur, it must safe a considerable amount of battery cells, and now, that’s what the Swedish automaker is doing.
Northvolt, a battery startup based by two former Tesla executives who labored on Tesla’s Gigafactory 1 in Nevada with Panasonic, is changing into the go-to battery cell manufacturing accomplice for automakers in Europe.
After offers with Volkswagen and BMW, Volvo introduced a brand new three way partnership with Northvolt.
The Volvo group introduced immediately:
“Volvo Automotive Group intends to ascertain a three way partnership with main Swedish battery firm Northvolt to develop and produce extra sustainable batteries, tailor-made to energy the following era of pure electrical Volvo and Polestar vehicles.”
The corporate introduced that the enterprise will first end in a analysis and growth middle in Sweden that can start operations in 2022, however the greater deal is an upcoming battery cell gigafactory.
They wrote in a press launch:
“The deliberate three way partnership may even set up a brand new gigafactory in Europe with a possible capability of as much as 50 gigawatt hours (GWh) per 12 months. Manufacturing is scheduled to begin in 2026.”
The brand new manufacturing unit is predicted to make use of about 3,000 employees.
On high of the brand new manufacturing unit, Volvo may even purchase 15 GWh of battery cells per 12 months from Northvolt’s Ett battery plant in Skellefteå, Sweden beginning in 2024.
Håkan Samuelsson, chief government at Volvo Automotive Group, commented on the announcement:
“By working with Northvolt we’ll safe a provide of high-quality, extra sustainable battery cells for our pure electrical vehicles. Working intently with Northvolt may even enable us to strengthen our in-house growth capabilities.”
Peter Carlsson, Co-Founder and CEO of Northvolt, added:
“Volvo Vehicles and Polestar are business leaders within the transition to electrification and ideal companions on the journey forward as we intention to develop and produce the world’s most sustainable battery cells. We’re proud to grow to be their unique battery cell manufacturing accomplice in Europe.”
Volvo confirmed that the primary battery cells popping out of the brand new gigafactory will energy the brand new electrical SUV that will likely be primarily based on the XC60.
Extra particulars are anticipated to be launched on the Volvo Vehicles Tech Second to be held on June 30.
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