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Volvo to pump £800Mn to upgrade its largest EV plant in Sweden

Date: February 10, 2022 Sunil Jha Sunil Jha
Volvo to pump £800Mn to upgrade its largest EV plant in Sweden 
Volvo Cars, the Swedish carmaker, has revealed plans to invest £800 million to upgrade its biggest factory in order to prepare for its transition to all-electric vehicle manufacture, including the addition of a battery assembly plant as well as the latest technology for producing aluminum parts.



The company, which plans to go all-electric by 2030, will revamp its largest factory in Torslanda, Sweden, over the next few years, with an emphasis on production processes as well as sustainable technologies.



As part of the plant makeover, Volvo will use mega-casting, a process of creating aluminum parts that the company claims creates a lot of benefits in terms of sustainable development, cost, and vehicle performance.



Mega-casting, which Tesla employed to make the Model Y compact crossover, entails making important components of the vehicle as a single aluminum part instead of lots of smaller ones.



The approach, according to Volvo, will increase energy efficiency and enable designers to better utilize space inside the cabin as well as luggage compartments of the vehicle. Smaller environmental footprint and cost savings are further promised advantages.



Mikael Fermér, Head of Volvo’s vehicle platform architecture, stated that initially, the firm is looking into casting the back floor, wherein it will replace a hundred parts with one. There are obvious advantages to this, like reduced production complexity.



A new plant for battery assembly will be added to the factory, which will be used to incorporate modules and battery cells into the floor structure of Volvo's automobiles, among other improvements.



The firm's logistics department will be updated, as well as the paint shop, with new processes and machinery that will help reduce energy usage as well as emissions.



Håkan Samuelsson, Volvo’s CEO, stated that with the investment Volvo is taking a significant step toward the all-electric future and laying the groundwork for even more advanced and better electric vehicles.



Source credit: https://www.autocar.co.uk/car-news/business-tech%2C-development-and-manufacturing/volvo-invest-800-million-upgrade-torslanda

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Sunil Jha

Sunil Jha has been a part of the content industry for close to two years. Having previously worked as a voice over artist and sportswriter, he now focuses on writing articles for newsorigins.com, across a slew of topics, ranging from technology to trade and finance. With a business-oriented educational background, Sunil brings forth the expertise of deep-dive research and a strategic approach in his write ups.