The dedicated battery assembly line will manufacture Volvo's first electric vehicle, the XC40 Recharge P8, which is expected to go on sale in global markets by the end of 2020.
Volvo has opened its dedicated battery assembly line in Belgium in order to accelerate their EV or electric vehicle operations. The first product to be assembled at the new plant will also be the company’s first fully electric car, the XC40 Recharge P8, which is expected to be launched later in 2020.
Volvo’s new plant is a clear indication of how serious the Swedish carmaker is about electrification of its vehicle. It’s also in line with the company’s EV strategy, which will see Volvo launch one new electric vehicle every year until 2025. Not to mention, the company is targeting its new EVs to constitute 50 per cent of Volvo’s new car sales by the end of 2025.
Recently, Volvo also announced its plans to build a battery assembly line at its US plant in South Carolina. The company says its construction will begin in the final quarter of 2020. In addition to this, Volvo will also manufacture electric vehicles at a Volvo-operated manufacturing plant in Luqiao, China. These new EVs will be based on the company’s CMA platform and will be built alongside products from sister brands, Polestar and LYNK & CO. In 2019, Volvo also signed agreements with CATL (China) and LG Chem (South Korea) to supply batteries for next-gen Volvo and Polestar models over the coming decade, and this includes the XC40 Recharge P8 as well.