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Volvo and Northvolt to construct battery R&D centre in Gothenburg | Autocar

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Volvo and battery growth associate Northvolt will open a brand new analysis and growth centre in Gothenburg subsequent yr as step one in a £2.5 billion technique to construct batteries for future Volvo EVs. 

Volvo mentioned the brand new web site will create “a number of hundred jobs” and makes Volvo “one of many few automotive manufacturers to make battery cell growth and manufacturing a part of its end-to-end engineering capabilities”.

The 2 companies have now signed a binding settlement to create a three way partnership for the event and manufacturing of EV batteries, having introduced plans for a partnership earlier this yr. 

Work on a devoted battery manufacturing facility will start in 2023 and begin working at full capability (50GWh per yr) in 2026, finally using 3000 individuals. The ability models shall be utilized in “the following era of pure-electric Volvo and Polestar vehicles”, starting with the successor to at present’s XC60, which Volvo has now confirmed shall be totally electrical.

Volvo plans to initially supply 15GWh of batteries per yr from Northvolt’s current Skellefteå facility from 2024 (when the XC60 EV is anticipated to be launched) earlier than the brand new devoted ‘gigafactory’ facility goes into service.

Volvo goals for 50% of its world gross sales to be pure-electric vehicles by the center of this decade and can ditch combustion utterly from 2030. Polestar, its all-EV sibling model, plans to construct “a very climate-neutral car” by 2030. 

Northvolt’s “sustainable battery manufacturing” strategies will assist to cut back the environmental affect of ramping up EV manufacturing, Volvo mentioned. 

The three way partnership with Volvo shall be Northvolt’s third with a mainstream passenger automobile model. In 2019, Volkswagen took a 20% share within the Stockholm-based agency to construct a gigafactory in Germany that’s set to start operations by early 2024, and in 2020, BMW agreed a battery provide cope with Northvolt value €2bn (£1.72bn).

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