Volvo Invests $1.1 Billion In Torslanda Plant In Preparation For EV Manufacturing | Carscoops carscoops
Volvo announced today that it will invest SEK 10 billion in the coming years at its Torslanda manufacturing plant in Sweden. The money will go towards preparing the site to build the brand’s next generation of electric vehicles.will not only install battery-making facilities and reduce the energy consumption in its paint shop, but it will also introduce a mega casting site for aluminum body parts.
“With these investments, we take an important step towards our all-electric future and prepare for even more advanced and better electric Volvos,” said CEO Håkan Samuelsson. “ is our largest plant and will play a crucial role in our ongoing transformation as we move towards becoming a pure electric car maker by 2030.”The introduction of mega casting to the site is the most exciting element of the plant update, according to Volvo, as it will allow the manufacturer to cast major parts of the floor structure of its upcoming vehicles out of a single piece of aluminum.
The plant, which opened in 1964, has an annual production capacity of 300,000 vehicles. Volvo has not said when this work will be completed.
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