Volvo will produce batteries for electric vehicles

Volvo will produce batteries for electric vehicles

January 20, 2020 0 By autotimesnews

The Swedish brand will build an enterprise for the production of batteries in the United States

This fall, Volvo will begin construction of an electric car battery plant in the US state of South Carolina.

According to Electrek, a Swedish brand battery company will be built northwest of Charleston, South Carolina, in the US, next door to Volvo’s factory, which produces the current generation S60 sedans. The batteries from the new factory are primarily intended for the all-electric version of the XC90 crossover, which is due to appear in 2022, shortly after completion of the plant.

Later, batteries will begin to be installed on other Swedish electric vehicles built on the second generation of the scalable SPA2 platform. For the Volvo brand, the electric XC90 will be the third model without a traditional internal combustion engine after the XC40 Recharge crossover and the Polestar 2 liftback. The Swedes explain the opening of the American battery factory by saving on logistics. Last spring, Volvo entered into multi-billion dollar battery supply contracts with Korean company LG Chem and Chinese CATL.