► Volvo opens new battery factory
► Cell assembly at Ghent plant
► Will provide batteries for XC40
Volvo has opened a new battery factory in Belgium to power its first full electric car - the XC40 Recharge P8 - later in 2020.
It's an important step for the Swedes, who are about to ramp up their electrification strategy; expect a new electric Volvo to be launched every year between now and 2025.
Gothenburg's goal is to have half of all new car sales to be fully electric cars by mid-decade, a pretty punchy target.
Why Volvo is building a battery factory in Europe
Volvo has built cars in Belgium for 55 years, and its smallest car - the XC40 - is built there. Around 6500 staff are employed at the factory, which will be the main source of all Volvos based on the global CMA platform (which will also underpin future Polestar and Lynk & Co products).
It is collaborating with two battery specialists on its electrification strategy: CATL of China and LG Chem of South Korea, who provide the technical know-how.
The XC40 Recharge P8 model (above) is the first to premiere the Swedes' new electric car badge. All electric Volvo cars in future will carry the Recharge name.
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