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Volvo Car partners with Northvolt to make batteries, start gigafactory

Employees work at the production line of Swedish auto maker Volvo Cars
Employees work at the production line of Swedish automaker Volvo Cars's Torslanda production plant in Gothenburg, Sweden on Aug 25, 2020. (Photo: AFP/Jonathan Nackstrand)
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STOCKHOLM: Volvo Car Group, owned by China's Geely Holding, on Monday announced with Swedish battery maker Northvolt to develop sustainable batteries for its electric cars and set up a gigafactory.

The companies aim to set up a research and development centre in Sweden that will begin operations in 2022, and start a gigafactory in Europe with a potential capacity of up to 50 gigawatt hours (GWh) per year in 2026.

Source: Reuters