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 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 company
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.
Zenuity and HP Enterprise team up to develop next-gen autonomous driving cars
January 22, 2020Hewlett Packard Enterprise (HPE) has been selected by Zenuity, a Swedish developer of software for self-driving and assisted driving cars, to provide the crucial artificial intelligence (AI) and high-performance computing (HPC) infrastructure it needs in order to develop next generation autonomous driving (AD) systems.
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 siteLoad more news
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.