Menu

Volvo Cars, Northvolt to open battery R&D, production facilities as part of USD3.3 billion plan

News
Investments

Volvo Cars, Northvolt signed a binding agreement to form a joint venture, R&D center to come up in Gothenburg, will become operational in 2022

Swedish carmaker Volvo Cars and EV battery startup Northvolt plan to open a joint research and development (R&D) center in Gothenburg as part of their SEK30 billion (USD3.3 billion) investment plan to develop and manufacture next-generation batteries, the two companies announced on 10 December 2021.

Thank you for visiting IHS Markit AutoTechInsight.

*A subscription to News & Analysis includes four IHS Markit-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Services. Please click here to subscribe.

For a free daily listing of headlines with limited access please sign up here.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload