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Volvo-Northvolt joint venture battery plant due in 2025, could supply for 500,000 EVs annually

Volvo and Swedish battery firm Northvolt on Friday announced a new battery plant, near the automaker’s main assembly plant in Gothenburg, Sweden. Scheduled to open in 2025, the joint-venture plant will have a “potential” annual battery cell production capacity of up to 50 gigawatt-hours, which would be enough for 500,000 EVs annually, Volvo said… More…

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