Info
Info

Valmet Automotive expands production capacity of battery packs in Salo

News

Valmet Automotive is extending the battery plant in Salo, Finland after less than 12 months of operation to meet the needs of increased production volumes of battery packs.

Info

The extension will increase the production capacity of battery packs and double the number of employees in the next few years. The construction work has already started and will be completed during the summer of 2021.

The extension project of the Salo battery plant allows constructing new larger facilities for logistics and simultaneously building a completely new production line to increase the plant volumes and the range of products to be manufactured. Valmet Automotive will also occupy a remarkable footprint of vacant office space at the Salo IoT Campus.

The production volumes of the Salo plant have recently reached record levels. The plant is operated by Valmet Automotive's EV Systems business line, which already has manufacturing contracts with three customers, and further manufacturing contracts are in the pipeline. In addition, the EV Systems business line offers also battery engineering and testing services.

The Salo battery plant employs currently about 200 people. With the increased production in the plant, the number of employees is expected to increase to more than 400 during 2021 and 2022. In the current economic environment, this is a clear sign of Valmet Automotive's successful entry into battery systems and the strong demand for the company's services.

“Battery systems are the most significant growth area for Valmet Automotive, and we intend to become a key player both as a battery contract manufacturer and as a Tier 1 system supplier. The Salo battery plant plays an important role in our growth plans,” said Olaf Bongwald, CEO, Valmet Automotive.

Valmet Automotive estimates that its sales from battery systems and EV solutions will reach or even exceed the sales of vehicle manufacturing in the coming years. Valmet Automotive's strategy emphasizes the importance of e-mobility in every business line.


The Latest News, Brought To You By
Valmet Automotive expands production capacity of battery packs in Salo
Modified on Wednesday 4th November 2020
Find all articles related to:
Valmet Automotive expands production capacity of battery packs in Salo
TaaS Technology Magazine
Info
Webfleet Solutions And Lytx Collaborate To Offer A Video-based Solution For Enhanced Driver And Vehicle Safety
Zap-Map Signs Up ESB Energy To New Electric Vehicle Payment Platform
U.S. Xpress Invests In Autonomous Trucking Technology
Aurora Acquires Uber’s Self-driving Unit
Cruise And GM Team Up With Microsoft To Commercialize Self-Driving Vehicles
Geely Holding And Baidu Partner To Establish A New Electric Car Company
Geely Auto Group And Tencent Sign Cooperation Agreement
Johnson Mathey Battery Materials Plant To Be 100% Powered By Renewable Electricity
Volvo Cars Joins Forces With Hometown Gothenburg To Help Create Climate-neutral City
Britishvolt Expands Its Team Of World-leading Experts
PACCAR And Aurora Form Strategic Partnership To Develop Autonomous Trucks
TuSimple And Aeva Partner To Deploy 4D LiDAR For Autonomous Trucking
Schaeffler Starts Mass Production Of Electric Motors
How Volkswagen Automotive Cloud Will Help Shape The Connected Car Of Tomorrow
Velodyne Lidar And Trunk.Tech Announce Strategic Partnership In Autonomous Trucking
Volta Trucks Confirms Successful Funding Round Of $20 Million As The Order Book For Volta Zero Grows To $260 Million
Audi CO₂ Fleet Average Reductions Exceed Expectations Fuelled By E-tron Success
Hyundai Motor Group Introduces Advanced Humanoid Robot ‘DAL-e’ For Automated Customer Services
Flexitricity And Ev.energy Partnership Helps Suppliers Unlock Balancing Mechanism With Smart EV Charging
New ‘e-moto’ Scooter Joins UK Electric Revolution
New Swarm Testing Capability To Accelerate ADAS And Autonomous Vehicle Development
NIO Launches First Autonomous Driving Model ET7
Next-gen Power Modules IP Report
BMW Announces The Future Of The Display And Operating System BMW IDrive
Info
Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the TaaS Magazine, the TaaS Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification} Array
Live Event