Truck maker Volvo to start producing battery modules in Belgium

FILE PHOTO: Volvo trucks are seen for sale in Linden, New Jersey, U.S., May 23, 2022. REUTERS/Andrew Kelly

STOCKHOLM (Reuters) - Swedish truck maker Volvo Group said on Wednesday its plant in Ghent in Belgium would start to produce battery modules in 2025.

"The investment decision to install battery module manufacturing capacity in Ghent is another important step for the Volvo Group to shape its future value chain for battery systems," it said in a statement.

(Reporting by Anna Ringstrom, editing by Stine Jacobsen)