Volvo to take full ownership of its Chinese manufacturing and sales operations
July 21, 2021Volvo Cars has signed an agreement with its parent Geely Holding to acquire Geely's stake in the parties joint ventures in China, with the aim of taking full ownership of its car manufacturing plants and sales operations in the country.
Volvo and Geely to create joint powertrain operations
July 08, 2021Volvo Cars and its parent company Geely Holding have agreed to create a joint venture under the name Aurobay for its powertrain operations, as the companies proceed with their earlier announced plans to merge these into a new, stand-alone business.
Volvo Car and Northvolt build giga-factory in Europe
June 21, 2021Volvo Car Group intends to establish a joint venture with Swedish battery company Northvolt to develop and produce more sustainable batteries, tailored to power the next generation of pure electric Volvo and Polestar cars.
Swedish electric SUV to be manufactured in the USA
June 17, 2021Polestar, Volvo Cars premium electric car brand, says that its first all-electric SUV will be manufactured in the United States.
Volvo invests in Swiss electromobility specialist
April 27, 2021Volvo Group has signed definitive agreements to acquire 60 percent of Designwerk Technologies AG, an engineering company in Switzerland, that develops and sells electromobility products and engineering services within electromobility eco-systems.
Polestar raises $550 million from new investors
April 15, 2021Swedish electric car company Polestar, controlled by Volvo and its parent company Geely, has recently has raised USD 550 million from a group of long-term financial investors. And, the company is considering further fund raising.
Semiconductor shortage to impact Volvo Group's production
March 23, 2021The manufacturer of trucks and buses says that global shortage of semiconductors will have a substantial impact on its production during the second quarter.
Global EV sales finished strong in the final months of 2020
March 02, 2021Global sales of NEV (new energy vehicles, which include both BEV and PHEV) skyrocketed in the final two months of 2020, with various models setting historical sales records, according to TrendForce’s latest investigations.
Daimler and Volvo Group complete creation of fuel-cell JV
March 02, 2021Daimler Truck AG and the Volvo Group today completed the transaction to form their previously announced fuel-cell joint venture; cellcentric.
Volvo Cars to triple electric production capacity in Ghent
January 12, 2021Volvo Cars says its tripling electric car manufacturing capacity at its plant in Ghent, Belgium as it prepares to meet fast growing demand for its Recharge line-up of chargeable cars.
Volvo Cars to produce electric motors in central Southern Sweden
December 09, 2020The company says it will assemble electric motors at its powertrain plant in Skövde, Sweden, and plans to establish complete in-house e-motor production by mid-decade.
Volvo wants to develop their own electric motors – in-house
November 02, 2020Volvo Cars is betting big on EV's. The company says it is making significant investments that would allow the the in-house design and development of electric motors for the next-gen of Volvo models as it moves closer to becoming a fully electric car maker.
Construction starts at Kyungshin new factory in Serbia
June 03, 2020The South Korean automotive company has initiated the construction of its new facility in the municipality of Smederevska Palanka in Serbia – once completed 700 new jobs will be created.
Next generation Volvo cars to be powered by Luminar LiDAR
May 07, 2020Volvo Cars is partnering with tech firm Luminar to provide their LiDAR and perception technology for Volvo’s next generation cars.
Volvo cuts 1300 jobs as COVID-19 speeds up transformation
April 29, 2020Volvo Cars says it plans to accelerate its transformation to position the company for long term growth. As a result, it is giving notice for a reduction of 1,300 white-collar positions in its Swedish operations, plus a continued review and reduction of consultancy contracts.
Volvo and Daimler form JV for large-scale production of fuel cells
April 22, 2020Daimler Truck AG and the Volvo Group, have signed a preliminary non-binding agreement to establish a new joint venture. The intention is to develop, produce and commercialise fuel cell systems for heavy-duty vehicle applications and other use cases.
Polestar 2 production begins in Luqiao, China
March 30, 2020Production of Polestar 2 has officially begun in Luqiao, China. The new electric performance fastback is the first electric vehicle to be produced by the facility.
Kyungshin Cables to make a €20 million investment in Serbia
March 17, 2020The South Korean cable company plans to invest EUR 20 million in the construction of a factory for electric vehicle charger cable sets in Smederevska Palanka, Serbia.
Volvo Cars inaugurates new battery assembly line at Ghent plant
March 05, 2020Volvo Cars has formally inaugurated a brand new battery assembly line at its Belgian manufacturing plant in Ghent, where it will start building its first fully electric car, the XC40 Recharge P8, later this year.
Volvo and Geely considers a combined companyLoad more news
February 12, 2020Volvo Car AB and Geely Automobile Holdings Limited are considering combining their businesses to create a strong global group, which would accelerate financial and technological synergies between the two companies.