Novo Energy represents a groundbreaking joint venture between Volvo Cars and Northvolt, uniting one of the world's most prestigious car manufacturers with a forerunner in sustainable battery technology. This collaboration is set to revolutionize the electric vehicle industry by establishing a gigafactory in Gothenburg, which is poised to become one of Europe's largest cell production facilities. With an impressive potential annual cell production capacity of up to 50 gigawatt hours (GWh), Novo Energy is gearing up to supply batteries for around half a million Volvo and Polestar cars each year. At the heart of this partnership is a shared commitment to innovation and sustainability, underscored by a state-of-the-art R&D facility that aims to develop the next generation of battery cells. This venture not only marks a significant stride towards a greener future but also reinforces the position of Volvo and Northvolt at the forefront of the electric vehicle and battery production sectors.