Volvo Cars to invest $1.1 bln in Swedish plant for switch to EVs

The logo of Volvo is seen on the front grill of a Volvo XC40 SUV displayed at a Volvo showroom in Mexico City, Mexico April 6, 2018. REUTERS/Gustavo GrafRegister now for FREE unlimited access to Reuters.comRegisterSTOCKHOLM, Feb 8 (Reuters) – Volvo Cars (VOLCARb.ST) will invest 10 billion crowns ($1.1 billion) in its manufacturing plant in Gothenburg in the next few years to prepare for production of fully electric cars, it said on Tuesday.The investment follows an announcement by Volvo and battery maker Northvolt last week to build a joint battery plant in Gothenburg, western Sweden, as part of a total investment …
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