Press Releases

Invitation to live webcast today: Volvo Cars and Northvolt to establish new battery plant in Gothenburg, Sweden

Volvo Cars and Northvolt invite you to a live webcast today to mark the announcement that they have selected Gothenburg, Sweden, to establish a new battery manufacturing plant, which will commence operations in 2025.


Time: 08:00 UK time (09:00 CET) today (Friday 4 February)



Javier Varela, Head of Engineering and Operations, Volvo Cars

Peter Carlsson, Co-Founder and CEO, Northvolt




Media will be able to ask questions during the Q&A session following the main presentation. To participate, you can use the live chat function to type your question.


For further information, please contact:

Volvo Cars Media Relations

+46 31-59 65 25






Volvo Cars in 2020-2021

For the 12 months between July 2020 and June 2021, Volvo Car Group recorded an operating profit of 22.5 BSEK (14.3 BSEK in 2019). Revenue over the period amounted to 292.1 BSEK (274.1 BSEK), while global sales reached 773,000 cars.


About Volvo Car Group

Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world, with sales to customers in more than 100 countries. Volvo Cars is listed on the Nasdaq Stockholm exchange, where it is traded under the ticker “VOLCAR B”.


Volvo Cars aims to provide customers with the Freedom to Move in a personal, sustainable and safe way. This is reflected in its ambition to become a fully electric car maker by 2030 and in its commitment to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.


As of December 2020, Volvo Cars employed approximately 40,000 full-time employees. Volvo Cars' head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars' production plants are located in Gothenburg (Sweden), Ghent (Belgium), South Carolina (US), Chengdu, Daqing and Taizhou (China). The company also has R&D and design centres in Gothenburg, Camarillo (US), Sunnyvale (US) and Shanghai (China).



About Northvolt

Northvolt is a European supplier of sustainable, high-quality battery cells and systems. Founded in 2016 to enable the European transition to a decarbonised future, the company has made swift progress on its mission to deliver the world’s greenest lithium-ion battery with a minimal CO2 footprint, and has grown to 2,500 people from over 100 different nationalities.


Northvolt has to date secured in excess of $30 billion worth of contracts from key customers, including BMW, Fluence, Scania, Volkswagen, Volvo Cars and Polestar, to support its plans, which include establishing recycling capabilities to enable 50 per cent of all its raw material requirements to be sourced from recycled batteries by 2030.

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