Volvo Group announces new battery factory in Sweden

Volvo Group is set to build a new battery factory in Sweden to benefit from the nation’s fossil-free energy sources. This is part of the company’s ambition for 35% of all vehicles and machines sold to be electric by 2030.

Photo: Lars Krabbe/ERH

Volvo Group’s heavy-duty vehicles are switching to electric, and the batteries to power them will come from a new factory that the automaker has just announced.

The factory will be set up in the Swedish town of Skövde and is expected to start full production in 2030, by which time the company aims for 35% of sales being electric products, writes Swedish local media Skovde Nyheter.

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