Northvolt, Volvo Cars pick Gothenburg for new gigafactory

FILE PHOTO: A Pure Electric sign is seen above a Volvo vehicle displayed during a media day for the Auto Shanghai show in Shanghai, China April 20, 2021. REUTERS/Aly Song

STOCKHOLM (Reuters) - Automaker Volvo Cars and battery maker Northvolt will build their joint battery plant in Gothenburg, in western Sweden, the two companies said on Friday.

The two Sweden-based companies announced plans last year for a joint venture to develop batteries for electric cars, including setting up a gigafactory for production and an R&D centre.

(Reporting by Helena Soderpalm and Niklas Pollard)