Volvo and Northvolt establish battery joint venture

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New cell "Gigafactory" from 2026 with 50 GWh annual capacity

Volvo and Northvolt establish battery joint venture-joint

The Volvo Car Group (to which Volvo and Polestar belong) wants to set up a joint venture with the battery manufacturer Northvolt. The two Swedish companies want to jointly develop and produce more sustainable batteries that will be used in the next generation of all-electric Volvo and Polestar models.

Volvo and Northvolt are participating in the joint venture half of each. In a first step, a development center is to be built in Sweden by 2022. In addition to modern battery cells, technologies for vehicle integration are also to be developed. In addition, a European gigafactory is planned with an annual capacity of up to 50 gigawatt hours (GWh). It is scheduled to go into operation in 2026.

As part of the collaboration, the Volvo Car Group also plans to purchase 15 GWh of battery cells per year from the existing Northvolt Ett battery plant in Skellefteå, Sweden, from 2024 onwards. In addition to the battery supply agreements that have already been announced, the partnership with Northvolt will secure the European demand for batteries required for Volvo’s electrification plans What is necessary: ​​Electric cars are expected to account for half of sales by 2025, and only electric cars will be sold from 2030.

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In Volvo’s electric cars, battery production has so far been responsible for most of the CO2 emissions that occur over the vehicle’s life cycle. This ecological footprint is being reduced through the cooperation with Northvolt. Because the new Gigafactory is to be operated 100 percent with renewable energy.

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The new battery cells are used in the next generation of the Volvo XC60, which is apparently offered as a purely electric car: "The battery cells developed as part of the joint venture will be used in the next fully electric generation of the Volvo XC60," writes Volvo.

Volvo and Northvolt establish battery joint venture-joint

In addition, Volvo shows a mysterious electric car with a very flat battery plate. It could be the said electric XC60, or the recently teased Polestar 3. But that’s an extra article worth.

Further details on the future roadmap of the Volvo Group are to be announced at the online event Volvo Cars Tech Moment on June 30, 2021.

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