Volvo to set up EV battery cells plant in Sweden
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Volvo to set up EV battery cells plant in Sweden.

Volvo Group's new plant will produce battery cells for commercial vehicle applications, supporting the global roll-out of electric trucks, buses, construction equipment, and electric drivelines for different applications.

Volvo Group announced that it initiated the process to establish a large-scale production plant for battery cells in Sweden. Volvo is setting up the plant to meet the growing demand for battery electric heavy-duty vehicles and machines.

The Volvo Group plans to gradually increase capacity and reach large-scale series production by 2030. The battery cells will be designed specifically for commercial vehicle applications, supporting the global roll-out of electric trucks, buses, construction equipment, and electric drivelines for different applications.

Volvo has decided to set up the plant in the Skaraborg region in Sweden. The proposed site is situated close to the Volvo Group’s current main powertrain plant in Skövde and will benefit from the region’s existing industrial and logistics infrastructure and build on a strong heritage and world-class competence in advanced, high-volume manufacturing while having access to Sweden’s rich supply of fossil-free energy. The Volvo Group’s R&D centers and headquarters in Gothenburg are only two hours away.

Martin Lundstedt, President and CEO of the Volvo Group, said: We aim to lead the transition to a decarbonized transport system and have the long-term ambition to offer our customers solutions that are 100% fossil free. There is a strong demand from our customers already today, and by 2030, it is our ambition that at least 35% of the products we sell are electric. This ramp-up will require large volumes of high-performing batteries, produced using fossil-free energy, and it is a logical next step for us to include battery production in our future industrial footprint. We aim to do this together with partners, and the journey starts now.

Also Read: Northvolt partners with Stora Enso to develop wood-based batteries.

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