The Elements of Innovation Discovered
The Elements of Innovation Discovered
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Powering its ambition to become a fully electric automaker by 2030, Volvo Cars has teamed up with Northvolt to build a 50-gigawatt-hour-per-year battery gigafactory in Gothenburg, Sweden. "Our battery cell partnership with Northvolt is key to our strategic ambitions in electrification," said Volvo Cars Chief Executive Håkan Samuelsson. "We are committed to becoming a leader in the premium electric car segment and selling only pure electric vehicles by 2030." Toward this commit...
Immediately following its partnership with Northvolt to build a 50-gigawatt-hour-per-year battery gigafactory in Sweden, Volvo Cars announced plans to invest roughly US$1.1 billion (10 billion Swedish kronor) to ready its Torslanda manufacturing plant to produce the next generation of fully electric vehicles. "With these investments we take an important step towards our all-electric future and prepare for even more advanced and better electric Volvos," said Volvo Cars Chief...
