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21 Jun
13:21

Volvo, Northvolt to build new battery gigafactory in Europe

Swedish firms Volvo Cars and Northvolt are planning a 50-50 joint venture to develop and produce battery cells for Volvo and Polestar electric vehicles, Kallanish reports. The companies said on Monday they will build a new battery gigafactory in Europe with capacity of 50 gigawatt-hours per year. The facility, to be run on 100% renewable power, will start production in 2026. A location is yet to be decided, the companies say, noting that further details should …
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