Novo energy start building Sweden’s second, and Gothenburg’s first gigafactory
Novo Energy, the joint venture between Northvolt and Volvo Cars, has officially started the construction of its battery factory in Torslanda, Gothenburg near Volvo Cars' manufacturing plant.
Three CEO's – Jim Rowan, CEO of Volvo Cars, Peter Carlsson, CEO of Northvolt, and Adrian Clarke, CEO of Novo Energy, placed the cornerstone for the future gigafactory to officially start the construction of their joint electrification efforts.
"This cornerstone ceremony signifies the realization of our joint vision to establish a world-class battery gigafactory on the West Coast of Sweden," said Adrian Clarke, CEO of Novo Energy in a press release. "By leveraging the expertise and resources of both Northvolt and Volvo Cars, we can accelerate the transition towards sustainable mobility and make Gothenburg, the region’s automotive capital, an important hub for the fast-growing Nordic battery industry.”
The joint venture is growing rapidly and to plans to double its workforce from 250 to 500 by the end of the year. Throughout 2024, Novo Energy is proactively recruiting – both in Sweden and abroad – talent specialised in R&D, Engineering and Construction. These recruitment efforts will intensify in 2025, focusing on manufacturing roles to prepare for the start of production in the following year.
Battery cells from the gigafactory will only travel a few meters into Volvo’s new Battery Assembly which is being built directly adjacent to the gigafactory.
“Today’s start of construction is an important milestone for Volvo Cars as we move steadily towards becoming a fully electric car maker by 2030,” adds Jim Rowan. “Electric cars are our future, and our record 2023 sales performance demonstrates that customers like what they see in our electric portfolio. In coming years we will further expand our electric portfolio, and this new battery plant will play a crucial role in powering those cars and achieving our ambitions.”
