Press release
272KB
august 03, 2022 - Volvo
Volvo Group starts process to establish plant for battery production in Sweden
To meet the growing demand for battery electric heavy-duty vehicles and machines, the #Volvo Group has initiated the process to establish a large-scale production plant for battery cells in #Sweden.
“We aim to lead the transition to a decarbonized transport system and have the long-term ambition to offer our customers solutions that are 100% fossil free. There is a strong demand from our customers already today, and by 2030, it is our ambition that at least 35% of the products we sell are electric. This ramp-up will require large volumes of high-performing batteries, produced using fossil free energy and it is a logical next step for us to include battery production in our future industrial footprint. We aim to do this together with partners and the journey starts now,” says #martinlundstedt, President and CEO of the #Volvo Group.
An extensive site localization study has been done, which indicates that the #Skaraborg region in #Sweden is an ideal location for the plant. The proposed site in the municipality of Mariestad is situated close to the #Volvo Group’s current main powertrain plant in #Skövde and will benefit from the region’s existing industrial and logistics infrastructure and build on a strong #heritage and world-class competence in advanced, high-volume manufacturing, while having access to Sweden’s rich supply of fossil free energy. The #Volvo Group’s R&D centers and headquarters in Gothenburg are only two hours away.
The #Volvo Group plans to gradually increase capacity and reach large-scale series production by 2030. The battery cells will be designed specifically for commercial vehicle applications, supporting the global roll-out of electric trucks, buses, construction equipment and electric drivelines for different applications.
Establishment of the production site is subject to approvals from relevant authorities. The final localization will be determined after the public consultation has been conducted and operations are subject to environmental permit approvals.
August 3, 2022
9560f4af134602ba org
1860x1050, 192KB
Related news |
||
|
|
|
september 02, 2022
|
july 08, 2022
|
january 28, 2021
|
|
Nina Aresund has been appointed new member of Volvo´s Group Executive Board and Executive Vice President Group Legal and Complianc... |
Gothenburg, Sweden / Munich, Germany / Stuttgart, Germany – Today, the #volvogroup, #daimlertruck, and the #tratongroup completed ... |
The new #business area Volvo #energy will strengthen the Volvo Group’s #business flow of batteries over the life cycle as well as ... |
Download all 
You might be interested in |
||
|
|
|
december 15, 2020
|
november 12, 2020
|
november 05, 2020
|
|
Daimler #truck AG, #Iveco, #omv, #shell and the #Volvo Group today committed to work together to help create the conditions for th... |
The #Volvo Group and Daimler #truck AG have now a signed binding agreement for a joint venture to develop, produce and commerciali... |
Volvo Group Capital Markets Day focused on the Group’s strong position in electrificationAt the #Volvo Group’s Capital Markets Day... |
Download all 
Share
Share via mail 
Automotive
Sport
Events
Art&Culture
Design
Fashion&Beauty
Food&Hospitality
Technology
Nautica
Racing
Excellence
Corporate
OffBeat
Green
Gift
Pop
Heritage
Entertainment
Health & Wellness