About us
Volvo Cars is one of the most well-known and respected car brands in the world. Northvolt is a leading supplier of sustainable, high-quality battery cells and systems, dedicated to delivering the world’s greenest lithium-ion battery. Together, we have formed a joint venture, NOVO Energy to power the next generation of pure electric Volvo cars.
Our Gigafactory in Gothenburg will be one of the largest cell production facilities in Europe, with a potential annual cell production capacity of up to 50 gigawatt hours (GWh) – thereby enabling a supply of batteries for approximately half a million electric cars per year. Our state-of-the-art R&D facility will gather leading expertise from all over the world, to create the next generation battery cells.
You can read more about this joint venture in these press releases:
Start of construction for Sweden’s second, and Gothenburg’s first battery gigafactory
6 March, 2024
4 February, 2022
Volvo Car Group and Northvolt to join forces in battery development and production
21 June, 2021
The road towards a
decarbonized and
sustainable future
2022 - Our R&D facility established in Gothenburg
2023 - Start of construction of Gigafactory in Gothenburg
2025 - 50% of Volvo Cars’ global sales will be fully electric
2026 - Production start of our Gigafactory in Gothenburg
2030 - Volvo Cars will offer only pure electric cars