GOTEBORG, Sweden, Oct. 26,
2022 /PRNewswire/ -- In 2025, Volvo Group's truck
plant in Ghent, Belgium will start
to produce battery modules. To date, partners supply both cells and
modules to the Group. The investment decision to install battery
module manufacturing capacity in Ghent is another important step
for the Volvo Group to shape its future value chain for battery
systems. The battery module manufacturing line in Ghent will be
able to use battery cells both from partners and from the planned
battery cell plant in Sweden.
"We have started the investment process to establish battery
module manufacturing in Ghent. The building is expected to be
12,000 m2 and be located
at the Volvo Group manufacturing site. The new high-tech module
factory will consist of an almost fully automated process with
robots. This means that employees with the necessary competences
will be recruited, both externally and by building on our internal
competences," says Jens Holtinger, Executive Vice President Group
Trucks Operations. The investment frame for this first step of
module manufacturing is Euro 75
million.
The Volvo Group truck assembly plant in Gothenburg, Sweden, is already building
heavy-duty electric trucks as the first global manufacturer in
the world. In the second half of 2023 the plant in Ghent will also
start to produce battery electric heavy-duty trucks. The battery
packs needed to power these electric trucks are built in the Ghent
plant. Volvo Group's ambition is that at least 35% of the vehicles
sold worldwide will be electric by 2030.
October 26, 2022
Journalists wanting further information, please
contact:
Claes Eliasson,
Volvo Group Media Relations,
+46 76 553 72 29
For more information, please visit volvogroup.com
For frequent updates, follow us on Twitter: @volvogroup
The Volvo Group drives prosperity through transport and
infrastructure solutions, offering trucks, buses, construction
equipment, power solutions for marine and industrial applications,
financing and services that increase our customers' uptime and
productivity. Founded in 1927, the Volvo Group is committed to
shaping the future landscape of sustainable transport and
infrastructure solutions. The Volvo Group is headquartered in
Gothenburg, Sweden, employs almost
95,000 people and serves customers in more than 190 markets. In
2021, net sales amounted to SEK 372
billion (EUR 37 billion).
Volvo shares are listed on Nasdaq Stockholm.
The following files are available for download:
https://mb.cision.com/Main/39/3655277/1643860.pdf
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SOURCE AB Volvo