Volvo-Northvolt battery factory will make cells for electric XC60 SUV

Volvo and Northvolt partner on battery development and productionVolvo is partnering with fellow Swedish firm Northvolt on battery production. The two companies are launching a 50/50 joint venture that aims to start making batteries at a massive new factory in 2026. The joint venture will start with a Swedish research and development center, scheduled to open in 2022, according to a Volvo press release. That...

Porsche plans to make its own electric car battery cells—for racing

2019/2020 Porsche Formula E race car developmentAs the Volkswagen Group pivots to battery manufacturing, Porsche is taking on a new niche—battery cells for racing. The automaker announced Monday that it will invest a "high double-digit million amount" in a new corporate entity called Cellforce Group GmbH, which will produce high-performance battery cells as part of a joint venture between...