Volvo Group plans to build a battery plant for electric trucks
Volvo Group has announced plans to establish a battery plant in Sweden to produce large-scale battery cells for electric trucks.
The battery plant will be built in Mariestad, close to Volvo Group's Skövde plant. Volvo says the battery cells produced at the plant will be tailored for commercial uses, such as electric trucks, buses, and construction equipment but not passenger cars.
Volvo aims to accelerate decarbonisation goals with the new battery plant, as CEO Martin Lundstedt says the company wants at least 35% of its products to be electric by 2030. To achieve this goal, Volvo Group needs large volumes of high-performing batteries produced through fossil-free energy, says Lundstedt.
Volvo will collaborate with local partners in the Skaraborg region to develop the battery plant. The site is also only two hours away from Volvo Group's Gothenburg R&D facility, enabling access to the region's advanced industrial and logistics infrastructure.
Image courtesy of Volvo Trucks.