The purchase signifies that Volvo Crew takes over the battery mobile chemistry and subject material analysis workforce and amenities, supporting Volvo Crew within the transformation to extra sustainable shipping answers.
The switch comes into impact on 1 July 2025, and the onboarding of the NOVO R&D personnel into the Volvo Crew group starts straight away. The laboratory and all personnel participants will stay in its present amenities in Gothenburg.
“The purchase signifies that this top-class competence will stay in Gothenburg and Sweden, strengthening the area’s competitiveness in blank generation. This can be a nice alternative for us to additional give a boost to our competence in battery mobile chemistry and subject material analysis spaces. It’ll be an excessively sturdy asset to prevail with our technique against being 100% fossil-free in 2040,” says Lars Stenqvist, CTO Volvo Crew.
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The Volvo Crew drives prosperity via shipping and infrastructure answers, providing vans, buses, development apparatus, energy answers for marine and commercial packages, financing and services and products that build up our shoppers’ uptime and productiveness. Based in 1927, the Volvo Crew is dedicated to shaping the long run panorama of sustainable shipping and infrastructure answers. The Volvo Crew is headquartered in Gothenburg, Sweden, employs greater than 100,000 other people and serves shoppers in virtually 190 markets. In 2024, web gross sales amounted to SEK 527 billion (EUR 46 billion). Volvo stocks are indexed on Nasdaq Stockholm.