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Volvo Cars and Vargas portfolio company Northvolt have selected Gothenburg, Sweden, to establish a new battery manufacturing plant. The plant will commence operations in 2025, create up to 3,000 jobs and complement the planned R&D centre that both companies announced in December as part of an investment of approximately SEK 30 billion.
Volvo Cars and Northvolt announced the joint battery cell factory in February 2022 and received building permission from the Swedish Land and Environment Court this summer. In August, the city planning committee in Gothenburg also granted building permits for the first construction phase.
For Sweden, the Novo plant is the second battery cell production facility after Northolt’s plant in Skellefteå. Volvo Cars and Northvolt first announced plans for the plant in the Gothenburg district of Torslanda, near Volvo’s vehicle plant there, in February 2022. At the time, the aim was to have the plant up and running by 2025.
and Gothenburg’s first battery gigafactory. NOVO Energy, the joint venture between Northvolt and Volvo Cars, celebrated the start of construction for its highly anticipated battery factory in Torslanda, Gothenburg.
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