Volvo and Northvolt's planned battery plant will be able to supply up to half a million EVs per year.
Volvo on Friday announced plans to construct a battery plant next to its vehicle plant in Gothenburg, Sweden.
Construction of the plant starts in 2023 and the first batteries should be in production in 2025. Together with a planned R&D center also jointly run by Volvo and Northvolt, around 3,000 jobs will be created at the site.
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