Volvo Cars announced on Thursday its decision to discontinue funding for Polestar Automotive Holding, transferring the management of the luxury car brand to its largest shareholder, Geely Holding of China, reports Reuters. This strategic move resulted in a significant surge in Volvo’s stock, which climbed over 30% at the opening of the market. Critics have […]
Volvo has announced a delay in the delivery of its EX30 full-electric small SUV, citing software troubles. This setback marks the second software-related issue for Volvo EVs following the EX90. According to a customer correspondence obtained by Automotive News Europe, Volvo acknowledged the delay, stating, “We confirm that Volvo is working tirelessly to resolve the […]
Volvo has decided to delay the production of its much-anticipated EX90 electric vehicle (EV), underscoring the car’s critical role in the brand’s ambition to transition profitably to an all-electric lineup within the next decade. The production, which was initially scheduled to begin in late 2023 at Volvo’s plant in Ridgeville, South Carolina, will now be […]
The dominos are falling as more automakers sign onto Tesla’s North American Charging Standard. In a landmark deal, Volvo Cars, the Swedish auto manufacturer, is joining forces with Tesla, to offer Volvo electric vehicle (EV) drivers access to Tesla’s expansive Supercharger network in North America. This initiative significantly bolsters charging infrastructure for Volvo customers and […]
Volvo has debuted its compact SUV, the all-electric EX30, promising to deliver the brand’s trademark safety and Scandinavian sophistication, while also promising the smallest carbon footprint of any Volvo to date. The announcement was made at a global unveiling in Milan, Italy. The EX30 is a first-of-its-kind small premium SUV in Volvo’s lineup, reflecting the […]
Volvo has announced its EX90 electric flagship SUV will be delayed. The company made the announcement on Thursday, stating the upcoming EV “is a very exciting and important car for Volvo Cars, representing the start of a new era for the company and introduces a new generation of technology – hardware and software.” As for […]
Volvo CEO Jim Rowan said that the automaker won’t follow Tesla into cutting vehicle price tags, saying that demand for its vehicles remain high, according to Reuters. The statement came after Volvo posted lower-than-expected Q4 profits, and Rowan added that the automaker already had a sizable backlog for electric vehicle (EV) orders. “We don’t see […]
Volvo has unveiled on Wednesday what it calls its flagship SUV, the seven-seater, fully-electric EX90 with NVIDIA Drive, Luminar lidar support, a Qualcomm Snapdragon chip and more. The Volvo EX90 offers up to 600 kilometers (372.8 miles) per charge with its dual-motor, all-wheel-drive version, as validated by the Worldwide Harmonised Light Vehicle Test Procedure (WLTP). […]
According to Automotive News, Swedish automotive giant Volvo–subsidiary of China’s Geely–is establishing a new technical center at its headquarters in Mahwah, New Jersey, specifically for training mechanics to work on electric vehicles (EVs). Volvo expects the 12,800 sq. ft. facility to open next March. Once complete, dealership technicians from all over the U.S., Canada, and South […]
Automaker Volvo is partnering with a games company to use a popular video game engine for electric vehicles (EVs), as announced by the automaker on Wednesday. Volvo plans to partner with Epic Games on advanced EV hardware, according to an announcement made by both companies on Thursday. Epic Games is the developer behind the wildly […]
Legacy Swedish automaker Volvo on Tuesday announced an investment in StoreDot, an Israeli company that is working on electric vehicle (EV) batteries capable of extreme-fast charging. The investment was made through the Volvo Cars Tech Fund, Volvo’s venture capital unit. StoreDot is working on disruptive battery tech capable of adding 257 miles (160 km) of […]
Volvo plans to build its upcoming crossover EV at its Ridgeville, South Carolina plant, according to unnamed sources speaking with Automotive News. Though it doesn’t yet have a public name, the electric crossover is internally termed V546 and is expected to be the company’s third battery-electric vehicle (BEV), ahead of Volvo’s plans to go all-electric […]
As electric vehicles (EVs) shift to become the best-sold vehicles in the years to come, one European automaker has announced new investments for upgrading a production facility to be more EV-forward. Volvo announced plans on Tuesday to invest SEK 10 billion ($1.09 billion) into its manufacturing plant in Torslanda, Sweden to develop its next-generation of […]
Following announcements earlier this year that Volvo plans to go all-electric with online-only sales by 2030, the company has just shared plans for a new partnership to mass-produce batteries for its upcoming zero-emissions vehicles. On Monday, Geely-owned Volvo announced a new partnership with Swedish electric vehicle (EV) battery maker Northvolt, both of which will build […]
Volvo plans to sell only electric vehicles (EVs) by 2030, in an ambitious bid following increasingly-high demand for low-emissions vehicles in the auto market. As reported by Bloomberg, the Chinese-owned Swedish brand plans to unveil a line of new EVs, including the Volvo C40 Recharge announced Tuesday. In the same ambitious bid, the company also […]
