Volvo and Polestar will be supplied by a new gigafactory built by Swedish car and battery giants!
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Northvolt and Volvo Cars, two Swedish giants in the field of electric mobility, have teamed up to build a new battery production facility with such a planned annual capacity of up to 50GWh. On Friday, Northvolt and Volvo Cars revealed plans to build a new $3.3 Billion (SEK 30 Billion) battery production plant in Gothenburg, Sweden.
The new battery gigafactory, which is expected to employ up to 3,000 people and has a potential annual cell manufacturing capacity of up to 50 gigawatt-hours, or has sufficient battery capacity to supply roughly 500,000 vehicles yearly, would complete the scheduled R&D center, which the two firms confirmed in December.
The two companies first referred to the Gigafactory and Research & Development facility in June 2021, when they revealed their plans for a joint R&D venture and gigafactory. The R&D facility was scheduled to begin operations in 2022 at the time, which the two firms confirmed in December.
The plant will guarantee that Volvo becomes one of the very few car manufacturers to make battery cell manufacture & development part of its own overall engineering capabilities. It is expected to generate hundreds of employment in Gothenberg as well as posts at Volvo Cars.
The 50 Gigawatt-hours battery gigafactory will be built after the Research & Development facility, and construction is scheduled to begin in 2023.
According to the two firms, the gigafactory will manufacture “state-of-the-art battery cells” that will be produced exclusively for use in Polestar and Volvo‘s next-generation pure electric vehicles.
This new gigafactory will be totally powered by fossil-free energy and will aim to increase renewable energy capacity around the Gothenburg area.