VW, Volvo battery partner Northvolt to turn paper mill into new gigafactory

STOCKHOLM — Northvolt, which has deal to deliver battery packs for Volkswagen Team and Volvo Vehicles,&#xA0 claimed on Friday it experienced agreed to purchase the Kvarnsveden paper mill from forestry corporation Stora Enso and change it into a new gigafactory.

Thoroughly set up, the plant, which is envisioned to get started the initial aspect of its functions in late 2024, would have probable yearly generation capability of around 100 gigawatt several hours of cathode materials, the Swedish corporation claimed.

“Because Northvolt’s founding, we have concentrated on round battery generation, but this is the initial time we will reuse an full generation website,” CEO Peter Carlsson said in a statement.

Volvo and Northvolt last year closed a 30 billion-crown ($3.16-billion) deal that the automaker claimed secures its source of sustainable, condition-of-the-artwork battery cells for its following-era comprehensive-electric powered cars and trucks.

The joint venture includes an factory and R&ampD centre in Gothenburg, Sweden, earning Volvo a single of the several automotive makes to make battery mobile improvement and generation aspect of its close-to-close engineering abilities, the automaker claimed.

Northvolt claimed in December it experienced secured much more than $30 billion well worth of contracts from electric powered-car or truck producers including BMW and Volkswagen.

Individually, Stora Enso suggests it has located a way to substitute the graphite applied in lithium ion batteries with lignin, which it extracts from trees. Lauri Lehtonen, who is head of innovation at the firm’s biomaterials division, discussed the course of action and outlined the probable rewards to Automotive News Europe.

Douglas A. Bolduc and Reuters contributed to this report

The post VW, Volvo battery partner Northvolt to turn paper mill into new gigafactory appeared first on Cars News Mag.


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