The Volvo Group announced that its plant located in Ghent in Belgium will start producing battery modules in 2025.
“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 Volvo Group said in a statement.
The new production line will be able to use battery cells from both partners and from a planned battery cell plant in Sweden, the Volvo Group said.
It said the process for building it had already begun, and that the investment framework for the first step of building the module was 75 million euros ($75.09 million). It does not provide a figure for the full investment.
The new 12,000-square-meter facility will be almost completely automated, he said.
The Volvo Group has ambitions that at least 35% of vehicles sold will be electric by 2030. Its plant in Gothenburg in Sweden builds heavy-duty electric trucks, and the Ghent truck factory will start doing so as well next year.
Volvo Group plans to build battery plant in Sweden to support electric truck production
