View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
18 May, 2022

Volvo Trucks opens new battery plant in Belgium

Volvo Trucks, part of Sweden-based motor vehicle manufacturing giant Volvo Group, has opened a new battery assembly plant in Ghent, Belgium, to supply its heavy-duty electric range.

By Naomi Davies

Volvo Trucks, part of Sweden-based multinational manufacturing corporation Volvo Group, has opened its first battery assembly plant. The new factory is located in Ghent, Belgium, and will assemble battery packs for Volvo Trucks’ heavy-duty electric range.

The new plant is powered fully by renewable energy. The opening will help shorten lead times for customers and boost circularity.  

In a press release, Roger Alm, president of Volvo Trucks, commented: “This investment shows our strong commitment to electrifying truck transportation. By 2030, at least 50% of all trucks we sell globally will be electric and by 2040, we will be a carbon-neutral company.”

Volvo Trucks are assembled in 13 countries worldwide. In 2021, the company delivered approximately 123,000 trucks across the globe.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Data, analysis and deep insights on foreign direct investment delivered to you
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to Investment Monitor