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August 16, 2022updated 18 Aug 2022 2:57pm

Volvo Trucks opens new battery assembly plant in Belgium

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Volvo Trucks, a division of Sweden-based Volvo, has opened a new battery plant in Ghent, Belgium. The facility will supply ready-to-install batteries for the company’s’ full electric heavy-duty trucks.

Commenting on the investment, Roger Alm, president of Volvo Trucks, explained in a company press release: “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.” He added: “By integrating the battery assembly process in our production flow, we can shorten lead times for our customers and secure high-performing batteries, while at the same time increase circularity.”

A report from market analysis group IHS Markit showed that Volvo Trucks was the market leader for heavy all-electric trucks in Europe in 2021 with a market share of 42%.

The company started manufacturing electric trucks in 2019 and has built a strong customer base in Europe and North America. The company operates from 13 production facilities worldwide and manufactured approximately 123,000 trucks in 2021.

Volvo, Daimler Truck and Traton Group launch charging infrastructure JV

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