In order to build electric vehicles, Volvo invested 10 billion yuan in Swedish krona to promote production

Recently, Volvo Cars announced that it will invest 10 billion Swedish kronor (about 6.965 billion yuan) in its Torslanda manufacturing plant in Sweden in preparation for the production of the next generation of pure electric models.

According to the plan, Volvo will introduce new, sustainable technologies and manufacturing processes, including large-scale cast aluminium body equipment, a new battery factory, and refurbishment of painting and final assembly workshops. Among them, the main components of the body baseplate structure will adopt the aluminum alloy integrated casting process to achieve the purpose of reducing the weight of the body and improving the endurance, while better optimizing the interior space.

In the new battery assembly plant, battery cells and modules will be integrated into the car's floor structure. The final assembly workshop will also be renovated to welcome the production of the next generation of pure electric models. The upgrade of the paint shop includes the installation of new equipment and the implementation of new processes, which will reduce energy consumption and emissions in the paint shop.

Hanken Samuelson, President and CEO of Volvo Cars Group, said, "Torslanda is our largest plant and will play a vital role in our transformation as we become a manufacturer of pure electric vehicles by 2030. ”

The Volvo Torslanda plant, which went into operation in April 1964, is one of Volvo Cars' longest-running manufacturing plants, with an annual production capacity of 300,000 units and a total of approximately 6,500 employees working in three shifts.

To speed up the electrification process, Volvo has also invested SEK 30 billion in European battery rookie Northvolt to build a new battery factory and R&D center. The new battery plant is expected to open in 2026 with an annual battery capacity of 50 GWh to support the production of Volvo's electric models.