The new 50-gigawatt-hour (GWh) plant will create up to 3,000 jobs and make battery cells specifically developed to be used in next-generation pure electric Volvo and Polestar cars.  

“Establishing this gigafactory in Gothenburg is a decisive move - both to continue to transform one of the most dynamic automotive regions in the world, and to become the leading global supplier of sustainable batteries,” Northvolt chief executive officer Peter Carlsson said.  

Last year, both Swedish-based firms said they would put together a joint venture to develop batteries for electric cars, including setting up a gigafactory for production and an R&D centre, with a total investment of about 30 billion Swedish crowns ($3.3 billion).