Volvo Car partners with Northvolt to make batteries, start gigafactory

The companies aim to set up a research and development centre in Sweden that will begin operations in 2022, and start a gigafactory in Europe with a potential capacity of up to 50 gigawatt hours (GWh) per year in 2026.

June 21, 2021 / 12:44 PM IST
Source: Reuters

Source: Reuters

Volvo Car Group, owned by China's Geely Holding, on Monday announced  plans for a joint venture with Swedish battery maker Northvolt to develop sustainable batteries for its electric cars and set up a gigafactory.

The companies aim to set up a research and development centre in Sweden that will begin operations in 2022, and start a gigafactory in Europe with a potential capacity of up to 50 gigawatt hours (GWh) per year in 2026.
Reuters
first published: Jun 21, 2021 12:35 pm

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