Volvo factory receives multi-billion dollar investment

Volvo factory receives multi-billion dollar investment


prepare the next generation of all electric vehiclesinvestment in Volvo factory located in Sweden includes the optimization and expansion of the local production process. See details.

Torslanda factory in Sweden (Photo: Volvo)

A multi-billionaire investment in the Volvo Car Factory in Sweden aims to increase production of electric cars

With its next generation of pure electric vehicles, the Volvo Cars aims to give customers more freedom, fast payments and low costs, as well as reaching new milestones in vehicle safety and sustainability. To fulfill these desires, Volvo Cars will invest SEK 10 billion in its Torslanda plant in Sweden in the coming years.

As part of the planned investment, the company will introduce a number of new, more sustainable technologies into its manufacturing processes. These include the establishment of a large aluminum parts manufacturing plant, a new battery assembly plant and fully renovated paint and final assembly shops.

“With this investment, we are taking an important step towards our all-electric future and preparing for the most modern and efficient electric Volvos,” said Håkan Samuelsson, chief executive of Volvo Cars. “Torslanda is our largest factory and will play a key role in our ongoing transformation as we move towards becoming a 100% electric car manufacturer by 2030“.

The Volvo factory will receive 10 billion for the production of 100% electric cars.
Photo: Volvo Cars

Invest in high quality batteries

The investment follows the recent announcement by Volvo Cars and Northvolt, a leading battery company, to invest SEK 3.0 billion in the design and manufacture of high-quality batteries and designed for the next generation of Volvo electric models.

Both investment plans represent new steps towards Volvo Cars’ ambition to become a 100% electric vehicles by 2030 and reflects the company’s commitment to a long-term future in its hometown of Gothenburg.

best selling electric cars
Volvo XC40 Pure Electric (Photo: Publicity/Volvo)

See also: Volvo C40 and Jeep Renegade 2022 launched

Understanding what is Introduction to mega foundry for the production of electric vehicles

Introduction to mega casting * of aluminum parts for the next generation of Volvo electric models is the most important change implemented as part of the investment package. The mega foundry creates a series of benefits in terms of sustainability, cost and performance over the life of the vehicleand Volvo Cars is one of the first car manufacturers to invest in this process.

Introducing the main parts of the vehicle floor structure as a single piece of aluminum reduces weight, which improves energy efficiency and thus car electric freedom. This also allows Volvo designers to make better use of the space available in the cabin and cargo area, thereby increasing the overall versatility of the car.

*The planned introduction of a mega smelter of aluminum body parts is subject to environmental permits.

Volvo C40 enters the pre-sales phase in Brazil, see
Volvo C40 (Photo: Advertising)

More benefits of mega foundry for the freedom of the electric car

Others The benefits of mega casting include reducing complexity in the manufacturing process. This, in turn, builds reduce costs in terms of the use of materials and equipment, reducing the global environmental footprint in factories and supply networks.

Updating the painting area involves installing new machines and implementing new processes, which should support continuous reductions in energy consumption and emissions.

One the new battery assembly plant will assemble the battery cells and modules into the vehicle’s floor structurewhile the assembly area is being modified to accommodate next-generation electric vehicles, for example, with a new “marriage point” where the upper body and the floor of the car meet for the first time.

factory repair

Equipment areas will also be renovated, improving the flow of equipment and improving the transportation of products and parts to the plant. The company will also invest in facilities around the factory, such as rest areas, changing rooms and offices, which further improve the working environment for all employees.

Volvo C40 (Photo: Publicity/Volvo)

You may also be interested in: Consider the steps and procedures for renewing your CNH in 2022

“Today is a big day for the Torslanda plant as we confirm the future of this investment package,” said Javier Varela, head of engineering and operations at Volvo Cars. “Our future as a company is electric and this requires a range of factory upgrades to ensure that Torslanda can continue to build high-quality electric vehicles.”

THE Torslanda Factory has the ability to annual production of 300,000 cars and is one of the oldest Volvo Cars manufacturing facilities. It was opened in April 1964 by the Swedish King Gustaf VI Adolf and for a long time it was the largest workplace in the country. The Torslanda factory currently operates three shifts and employs around 6,500 people.

What did you think? to follow @sitegaragem360 on Instagram to see more and leave your comment click here

Erica Franco

Erica FrancoJournalist by training with over 15 years experience in general and automotive writing. Articles through the “Máquina e Moto” section of Agora São Paulo newspaper, Folha online, Jovem Pan, Uol, Mil Milhas, Consumidor Moderno magazine, Portal No Varejo, among others. Currently, he is dedicated to the role of editor of the Garagem360 website, gathering information from the world of cars and ensuring the quality level of content advertising.