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New Volvo and Northvolt form battery joint endeavor

Two Swedish business Volvo Car Group and Northvolt wish to form a 50: 50 joint endeavor to establish and produce sustainable batteries. The duo’s primary focus is constructing a brand-new battery factory in Europe with a prospective capability of approximately 50 GWh each year.

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However, the joint endeavor wishes to begin by carrying out an R&D center in Sweden, which is set up to end up being functional in2022 The center will “establish the next generation of cutting edge battery and vehicle combination innovations” based upon the battery innovations of the 2 business.

The battery plant, with a capability of as much as 50 GWh, is set up to begin production in 2026 and will utilize around 3,000 individuals. The area has yet to be identified, however the items developed there will solely power Volvo and Polestar’s next-generation all-electric automobiles. The very first battery-equipped automobile from the brand-new joint endeavor will be the electrical follower to the Volvo XC60, according to the partners. “By establishing batteries for our electrical automobiles, we can concentrate on providing Volvo and Polestar clients what they desire, such as variety and quick charging time,” stated Henrik Green, Volvo Cars primary innovation officer.

Volvo Car Group likewise prepares to buy 15 GWh of batteries yearly from 2024 from Northvolt Ett’s plant in Skellefteå, Sweden. In addition to existing battery supply agreements, this is focused on protecting need for batteries in Europe, according to Volvo Cars in its statement. The battery collaboration in between Volvo and Northvolt is restricted to Europe. The Swedish car manufacturer has actually set itself objectives of selling 50 percent of its lorries by mid-century and 100 percent by2030 To name a few things, subsidiary Polestar wishes to “establish a really climate-neutral vehicle” by 2030 as part of its Polestar 0 job.

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Volvo and Northvolt wish to pay specific attention to the sustainability of the batteries that will be collectively established and produced: “Today, battery production in Volvo Car Group’s all-electric cars represent a substantial part of the overall carbon emissions over the vehicle’s life process. By partnering with Northvolt (…) and producing batteries near to its European production centers, the Volvo Car Group can decrease its eco-friendly footprint (…).” In addition, the partners have actually revealed that the brand-new Gigafactory will work on 100% tidy energy.

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Volvo Car Group CEO Håkan Samuelsson stressed that the collaboration with Northvolt not just makes sure a premium, more sustainable battery supply, however likewise that internal advancement abilities and commercial networks will be enhanced on the roadway to complete electrification.2030 Batteries are among the most essential parts in an all-electric vehicle, and by partnering with Northvolt, Volvo Car Group makes sure an effective and economical supply chain for top quality and sustainable batteries in Europe.

Peter Carlsson, co-founder and CEO of Northvolt, included that Volvo Cars and Polestar are “the best partners for us to establish and produce the world’s most sustainable batteries”. And: “We are happy to be your special battery production partner in Europe.”

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German car manufacturers have actually likewise just recently ended up being mindful of Northvolt, particularly Volkswagen. Previously this month, the Wolfsburg-based business invested another $620 million (about 500 million euros) in its battery partner. Volkswagen will keep its approximately 20 percent stake in Northvolt the same due to its involvement in a funding totaling up to 2.26 billion euros. In the summertime of 2019, the Wolfsburg-based group “at first” purchased a 20 percent stake in the Swedish business, as it was called.

As revealed by Volkswagen and Northvolt at the time of the financial investment, the financing will be utilized to broaden capability in the locations of production, recycling and research study and advancement. Particularly, Northvolt revealed that it will broaden the Northvolt Ett Gigafactory in Skellefteå, northern Sweden, from a yearly capability of 40 GWh to 60 GWh. From 2023, Volkswagen will begin producing basic batteries– the prismatic ones revealed at Electricity Day in March. Versions of the premium vehicle will be produced at Northvolt. The system cells for the volume part will be made in Salzgitter in 2025.

Context: The Wolfsburg-based group revealed at its Power Day that it wishes to construct 6 gigafactories in Europe by 2030, each with a capability of 40 GWh. The very first of these plants will be constructed at Northvolt in Sweden and the 2nd at Volkswagen in Salzgitter– other places, consisting of southern and eastern Europe, have yet to be settled. It was likewise revealed at the time that Northvolt was offering to Volkswagen its stake in battery production in Salzgitter, which had actually formerly been prepared as a joint task. “Northvolt will offer its stake in the Northvolt Zwei joint endeavor in Salzgitter to Volkswagen as the Volkswagen Group prepares to increase its own battery production in Europe,” Northvolt composed in March.

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Updated December 10, 2021: Volvo Cars and Northvolt have actually now signed a binding contract to develop their revealed battery joint endeavor. The joint endeavor hopes to construct a research study and advancement center in Gothenburg, which is arranged to be functional by2022 “Hundreds of tasks” will be developed there.

The place of the prepared battery co-production center will be identified in early2022 Volvo stated the batteries will be utilized in Volvo and Polestar’s “next-generation” pure electrical lorries. The possible capability of the battery factory must be 50 GWh. Both business stated they remained in the lasts of the choice procedure.

At the R&D center, custom-made batteries will be established for the particular automobiles, “offering Volvo chauffeurs what they desire, such as variety and quick charging time”. No particular advancement objectives were pointed out. Volvo worried the significance of its own battery advancement and production: “This deep vertical combination is essential since the battery is the biggest single expense element in an electrical vehicle and a big part of the carbon footprint.”,,, updates)

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