BERLIN -The underlying shift towards electric vehicles is continuing despite a recent slowdown in the pace of growth, Northvolt's CEO said while presenting the Swedish battery maker's investment plans for a new plant in Germany on Monday.
"We're seeing today some clouds on the sky, we are seeing a little bit of a decline of the electric vehicle trend overall, but I think that when you take a step back and look at the transition, the megatrend and the underlying change is there," Northvolt CEO Peter Carlsson said at a groundbreaking ceremony for the new plant.
"We're now seeing even stronger products coming out in the market, that will also be produced here at Northvolt 3, that will drive even stronger adoption of electric vehicles," Carlsson said. "The production of good cars will remain the backbone of our industry beyond the combustion engine. For this we need battery cells made in Germany, made in Europe," Scholz said.
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