Volvo building U.S. battery assembly plant
January 15, 2020In preparation for bringing a new line of electric vehicles to the U.S. market, Volvo announced it will build a battery assembly plant at its existing facility in Ridgeville, South Carolina.
ZKW expands locations in Mexico and Slovakia
January 10, 2020Before wrapping up 2019, the Austrian lighting systems specialist announced investments a total of over EUR 210 million euros in its production plants in Mexico and Slovakia.
Coming soon to a sky near you: Volocopter
October 25, 2019Micron Ventures, the investment arm of Micron Technology Inc., has led a USD 55 million Series C investment round in urban air-mobility (UAM) pioneer Volocopter.
CATL starts construction of its first overseas factory in Germany
October 21, 2019A groundbreaking ceremony of the first overseas factory for lithium-ion battery maker CATL took place on October 18 in Thuringia, Germany, marking the start of construction of the first lithium-ion battery factory in Germany.
Volvo Cars and Geely to merge combustion engine operations
October 07, 2019Volvo Cars and Geely says they intend to merge their existing combustion engine operations into a stand-alone business that will seek to develop next generation combustion engines and hybrid powertrains.
Volvo Cars invests in Israeli start-ups MDGo and UVeye
July 22, 2019Volvo Cars has made investments in two Israeli technology start-ups through the Volvo Cars Tech Fund, the company’s venture capital investment arm.
Volvo and Samsung SDI place electromobility into joined hands
July 18, 2019Volvo Group and Samsung SDI have entered into a strategic alliance to develop battery packs for Volvo Group's electric trucks.
Volvo partners with NVIDIA to develop AI for autonomous trucks
June 18, 2019The Volvo Group has signed an agreement with NVIDIA to jointly develop the decision making system of autonomous commercial vehicles and machines.
Volvo invests in Finnish VR/XR company
May 30, 2019Together with Varjo, a technology start-up from Finland that specialises in high-end virtual reality and mixed reality headsets, Volvo is now using virtual and augmented reality technology in its development work.
Volvo inks battery supply deals with CATL and LG Chem
May 15, 2019Volvo Car Group says that it has signed long-term agreements with battery makers CATL and LG Chem to ensure the multi-billion dollar supply of lithium ion batteries over the coming decade.
Polestar 2 puts focus on China with manufacturing site
April 15, 2019At the Chinese debut of the Polestar 2 in Shanghai, Polestar confirmed that production of the new electric performance fastback will take place in Luqiao, Zhejiang Province, from early 2020.
Volvo to deploy in-car cameras to battle intoxication and distractions
March 21, 2019Volvo Cars is taking a new step in its ambitions to end fatalities in its cars by addressing the issues of intoxication and distraction.
Finnish stretchable electronics company finds new investors
January 30, 2019Finnish technology start-up company Forciot has announced that Heraeus Holding GmbH and Volvo Cars’ Technology fund AB have made investments in the company as part of the Forciot’s Series A investment round.
EM-motive is now in the hands of Bosch
January 28, 2019Bosch is now assuming full control of EM-motive, a European manufacturer of electric motors.
Hands-off with new approval for Zenuity
January 28, 2019Zenuity, gets approval for self-driving tests on public roads in Sweden
Volvo invests in wireless electric charging
January 15, 2019Volvo Group Venture Capital AB, a subsidiary of the Volvo Group, announces that it has man an investment in Momentum Dynamics Inc – a company in high power wireless charging of electric vehicles.
Volvo Group divests majority stake in WirelessCar
December 19, 2018The Volvo Group has signed an agreement to divest 75.1% of the shares in its wholly-owned subsidiary WirelessCar to the Volkswagen Group. The sales price amounts to SEK 1.1 billion, about USD 122 million.
Ericsson and Volvo Cars sign five-year deal for the cloud
November 29, 2018Ericsson has been selected by Volvo Cars to provide the industrialized Ericsson Connected Vehicle Cloud (CVC) platform to further enable its digital vehicle services.
Volvo Cars invests in electric car charging company FreeWire
October 29, 2018Volvo Cars says that it has acquired a stake in electric car charging company FreeWire Technologies via the Volvo Cars Tech Fund, deepening the company’s commitment to a fully electric future.
Volvo Cars and NVIDIA deepen tiesLoad more news
October 10, 2018Swedish car maker, Volvo Cars, and NVIDIA, are joining forces for the development of a highly advanced, AI-capable core computer for the next generation of Volvo cars.