Volvo, in partnership with Northvolt, a supplier of sustainable battery cells and related systems, announced on Friday it’s opening a new joint-venture manufacturing plant. The facility will be situated in Torslanda, a neighborhood of the automaker’s hometown of Gothenburg, Sweden. This plant is expected to begin making batteries starting in 2025 for Volvo and Polestar vehicles.
This factory, which will be strategically located near Volvo’s largest assembly plant, is the result of a combined investment from the two companies of about 30 billion Swedish kronas, around $3.3 billion dollars. That outlay, which was announced in December, also includes a new research and development center. That facility, located in Gothenburg as well, will begin operating this year.
The new gigafactory, planned to be powered by 100 percent clean energy, is expected to employ around 3,000 people.
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