According to foreign media, Volvo Cars and Northvolt said ast Friday they would build a battery manufacturing plant in Gothenburg, Sweden, with construction set to begin in 2023.

    The facility is set to “have a potential annual cell production capacity of up to 50 gigawatt hours.” This would equate to supplying enough batteries for around 500,000 cars every year.

    “The battery cell production joint venture between Northvolt and Volvo Cars will be a significant player in European battery cell production and will represent one of the largest cell production units in Europe,” the companies said in statements published on their websites. 

    About Volvo

    Volvo, a famous luxury car brand in Sweden, was once translated as Regal. The brand was founded in 1927 in Gothenburg, Sweden. In 1999, Volvo Group sold its Volvo car business to Ford Motor Company. In 2010, Zhejiang Geely Holding Group, a Chinese automobile enterprise, purchased Volvo car business from Ford and obtained the ownership of Volvo car brand.

    On the ranking of “The 2nd Daguan·Keweiwei World Brand Value Top 900" released on January 13, 2022, Volvo’s brand value was 179.246 billion RMB, ranking the 129th.

作者：Nan