Volvo makes no secret of its plans to become a fully electric carmaker and wants to be able to build as many of the necessary components in-house.
The company has announced significant investments to “allow for the in-house design and development of electric motors for the next generation of Volvo models”. The Geely-owned firm today opened a brand new electric motor lab in Shanghai, China, the latest addition to its global network of facilities for EV components development and testing.
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