Volvo Cars invests in Breathe for next-gen fast charging
March 13, 2024
Volvo Cars has partnered up with Breathe Battery Technologies (Breathe), becoming the first car company to get access to the latest version of its patented, algorithm-enabled charging software.
Novo energy start building Sweden’s second, and Gothenburg’s first gigafactory
March 07, 2024
Novo Energy, the joint venture between Northvolt and Volvo Cars, has officially started the construction of its battery factory in Torslanda, Gothenburg near Volvo Cars' manufacturing plant.
Volvo Group plans to divest Arquus
January 17, 2024
Volvo Group has signed an option agreement with John Cockerill Defense which gives the Volvo Group the right to sell Arquus after mandatory consultations with staff representative bodies.
Northvolt raises $5 billion to expand its battery network
January 16, 2024
Swedish battery manufacturer Northvolt has just signed the largest green loan raised in Europe to date, which will facilitate the expansion of Europe's first homegrown gigafactory, Northvolt Ett, and also the realisation of Northvolt's plans for battery recycling.
Volvo invests in 1,300 ABB robots
January 04, 2024
ABB will supply Volvo Cars with more than 1,300 robots and functional packages to build the next generation of electric vehicles. This will support the Swedish car manufacturer to achieve its sustainability targets.
ZKW expands its site in Mexico
December 07, 2023
Lighting systems specialist continues to invest in the production plant in Silao, Mexico. As part of the opening of the new construction phase, the foundation stone for the next expansion is already being laid.
Volvo to acquire battery business from Proterra
November 15, 2023
Proterra Inc. and Proterra Operating Company Inc. are in a voluntary Chapter 11 bankruptcy process in the US. Volvo Group has been selected as the winning bidder in an auction for the business and assets of the Proterra Powered business unit at a purchase price of USD 210 million.
Sponsored content by Maynards Europe GmbH
Complete Liquidation of AURORA Lichtwerke Lamp Manufacturing Plant in Eichstätt, Germany
Maynards Europe in conjunction with Gordon Brothers was appointed by renown lamp manufacturing company Aurora, formerly part of Osram/Ledvance, to make available for sale by private treaty and online auction the complete production and facility equipment of their former manufacturing site in Eichstätt, Germany. Over 2000 items to offer including complete lamp production lines, complete SMT workshops, R&D and maintenance departments as well as general factory supplies and office equipment.
Rebound in mini LED product shipments in 2024
November 06, 2023
Due to declining demand in consumer electronics, shipments of Mini LED products are expected to decrease to 13.337 million units in 2023, says TrendForce. However, the market is projected to rebound in 2024, with shipments estimated at 13.792 million units, and the growth trend is expected to continue through 2027
Volvo Cars opens new software testing centre
October 19, 2023
The Swedish car manufacturer has for quite some time, and loudly, about its plans to be a fully electric car company by 2030. A plan that requires continuous investments. Now Volvo Cars is opening a new software testing centre in Sweden
The Polish electronics industry is anything but static
October 17, 2023
There’s been a lot of movement within the Polish electronics industry during the year. Evertiq has listed some of the bigger events that have taken place in the country during 2023.
Luminar reaches milestone in Volvo Cars program
October 09, 2023
Luminar has successfully passed its first major "Run at Rate" production test for Volvo Cars at its automated, high-volume manufacturing facility in Monterrey, Mexico.
Volvo and Northvolt break ground on gigafactory
September 29, 2023
Construction of Volvo Cars and Northvolt’s joint Li-on battery gigafactory in Gothenburg, Sweden, is now officially underway.
Volvo Cars opens new tech hub in Singapore
September 07, 2023
The Swedish car manufacturer is opening a new Tech Hub in Singapore, which will be a key centre for data and analytics, software and advanced manufacturing development.
BYD closes in on Tesla in Q2 BEV sales
August 17, 2023
The global automotive landscape is undergoing a decisive shift toward new energy vehicles (NEVs). TrendForce reports that in 1H23, NEV sales – which encompass battery electricity vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel cell electric vehicles (FCEVs) – soared to an impressive 5.462 million units, reflecting a growth of 33.6% YoY.
Global new energy vehicle sales reach 2.656 million units in Q1
May 31, 2023
TrendForce reports the total sales of New Energy Vehicles (NEVs) – comprising BEVs, PHEVs, and FCVs – reached 2.656 million units in the first quarter of 2023, marking a 28% YoY increase.
Volvo Cars plans to open new Tech Hub in Poland
February 27, 2023
The carmaker has revealed plans to open a brand new Tech Hub in Krakow, Poland’s second-largest city. It will be a key software development centre, which according to Volvo Cars, will play a crucial role to reach its ambitions to be a fully electric brand by 2030.
Global NEV sales grew 60% YoY, surpassed 10 million units in 2022
February 22, 2023
According to TrendForce’s latest research, global sales of new energy vehicles (NEVs) rose by 63.6% YoY to 10.65 million units for 2022.
Ranking: best selling EV brands for 3Q22
November 28, 2022
Sales of BEVs totaled 2.147 million units and increased by 75% year over year, while sales of PHEVs totaled 714,000 units and increased by 57% year over year.
Polestar obtains USD 1.6 billion financing support
November 04, 2022
Swedish electric performance car brand, Polestar, says that it has received further commitments for financial and liquidity support from its two major shareholders.
Will Europe’s gigafactories be enough to reach EU’s climate goals?
October 31, 2022
The chiseling of the combustion engine’s tombstone has already started, its replacement? – Electrification. This is taking place as Europe has set a series of strict climate targets. The question is whether the growing battery industry’s cell capacity will be enough to contribute to the EU’s milestones in the current decade.
Volvo to produce battery modules in Ghent by 2025
October 27, 2022
To date, partners supply both cells and modules to the Group. In 2025, Volvo Group’s truck plant in Ghent, Belgium will start to produce battery modules.
Protected newts might hinder construction of new battery factory
September 13, 2022
Volvo is planning to build a new large-scale production plant for battery cells in Mariestad in the Skaraborg region in Sweden. However, the plans have hit a speed bump as a protected species of newts has been found at the site.
Global NEV sales reach 2.19 million units in 2Q22
August 17, 2022
The new car market remained under the shadow of supply chain shortages and the pandemic in 2Q22 but new energy vehicles (NEVs including battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell vehicles) still outperformed gasoline vehicles and maintained positive growth.
Volvo Group's looking to build battery plant in Sweden
August 03, 2022
In order to meet the growing demand for battery electric heavy-duty vehicles and machines, the Volvo Group has initiated the process to establish a large-scale production plant for battery cells in Sweden.
ZKW expands production at Mexican location
July 28, 2022
Lighting systems specialist invests an additional total of over USD 102 million in production plant in Silao, Mexico.
Northvolt raises $1.1 billion for its factory rollout plans
July 05, 2022
Northvolt today announced the signing of a $1.1 billion convertible note to finance its expansion of battery cell and cathode material production in Europe to support the rapidly expanding demand for batteries.
Volvo Cars expands European EV production network
July 01, 2022
The Swedish car manufacturer Volvo Cars announced today it will establish a third manufacturing plant in Europe to meet the continued demand from its customers for electric cars and capture future growth potential.
Volvo Cars raises EUR 500 million for electrification
May 25, 2022
Volvo Cars has placed its second green bond to raise EUR 500 million from a set of global investors. The bond was oversubscribed three-times.
Volvo Trucks opens battery plant in Belgium
May 17, 2022
Volvo Trucks' is planning to open a new – first – battery assembly plant in Belgium. Once up and running the plant will supply tailor-made batteries for the company's heavy-duty electric trucks.
NEV market grew in 1Q22 – global sales exceeded 2M units
May 16, 2022
According to TrendForce data, total sales of new energy vehicles (NEVs including battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell vehicles) in 1Q22 was 2.004 million units, an annual growth rate of 80%.
Volvo Cars invests in battery technology company StoreDot
April 19, 2022
Volvo Cars has – via its venture capital arm – made an investment in StoreDot, an Israeli company developing extreme-fast charging battery technology for electric cars.
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