The Volvo ReCharge concept is kind of the dark horse in the plug-in hybrid race among the major manufacturers. It's a good looking with nice specifications (60+ miles of EV range sure sound appealing), but Volvo isn't totally committed to bringing this vehicle to the street. This may change with today's official announcement that gives more details on the partnership we first heard about in December between Volvo, Saab, electricity provider Vattenfall, battery provider ETC, and the Swedish state. Volvo's investment in the project will be over 11 billion SEK ($1.8b US) for the next five years. You can read the announcement after the jump and check out pictures of the ReCharge in the gallery below.