Volvo Cars to Produce Electric Motors in Skovde in Sweden
Volvo Cars will assemble electric motors at its powertrain plant in Skovde in Sweden and plans to establish complete in-house e-motor
Volvo Cars will assemble electric motors at its powertrain plant in Skovde in Sweden and plans to establish complete in-house e-motor production by mid-decade. It will invest 700 million SEK to this end in coming years. The Skovde operations have been part of the Volvo Cars story ever since the company’s founding in 1927. Adding e-motor production to the plant’s activities means the historic ground in Skövde will be a part of the company’s future as well. In a first stage, the Skovde facility will assemble e-motors. At a later stage, the company intends to bring the full manufacturing process for e-motors in-house into a facility in Skovde.
Volvo Cars announced earlier this year that it is investing significantly in the in-house design and development of e-motors for the next generation of Volvo cars. With the planned investments in Skövde, it now takes the first steps towards in-house e-motor assembly and manufacturing.
The company is committed to becoming a premium electric car company and aims for its global sales to consist of 50 per cent fully electric cars by 2025, with the rest hybrids.