Volvo joins Toyota on Tesla gigacasting hype train for cheaper EVs as it signs agreement with Italian press maker Volvo has signed an agreement with Chinese-owned Italian press maker IDRA for two 9,000-ton gigapresses. It plans to install these…

In September of this year, news broke that Toyota would be using gigacasting to reduce the cost of its EVs, and now IDRA, the company that pioneered the gigapresses needed for the process, has announced that it has signed an agreement with Volvo to supply …