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The Latest Breaking News from Volvo Cars

Northvolt Raised $1.1 Billion To Support Expansion In Europe

Northvolt announced the signing of a $1.1 billion convertible note to finance its expansion of battery cell and cathode material production in Europe.

Volvo Plug-In Electric Car Sales Decreased 37% In June 2022

Volvo Plug-In Electric Car Sales Decreased 37% In June 2022

In June 2022, Volvo sold 10,645 plug-ins globally, which is only 37% less than a year ago. Volvo Recharge cars accounted for 21.3% of the total volume.

Volvo Cars Announces New $1.25 Billion EV Plant In Slovakia

Volvo Cars Announces New $1.25 Billion EV Plant In Slovakia

Construction on the new plant will start in 2023, with equipment and production lines to be installed during 2024 and series production to start in 2026.

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Polestar Goes Public On Nasdaq Via SPAC Merger, Raises $890 Million

Polestar says it will use the $890 million raised from the deal to fund its three-year plan to expand the product lineup and eventually become profitable.

Volvo Plug-In Electric Car Sales Exceeded 15,000 In May 2022

Last month, Volvo sold 15,445 plug-ins globally, which is only 1.7% more than a year ago, while the share of Volvo Recharge cars in the total volume amounted to 33.6%.

Volvo Promises Photorealistic In-Car Graphics Thanks To Unreal Engine

The latest generation of Unreal Engine is so groundbreaking that it will help advance many industries, the car business included.

Volvo Plug-In Car Sales Increased To 18,000 In April 2022

Last month, Volvo sold globally 18,097 plug-ins, which is 19% more than a year ago and 38.4% of the total volume (new record).

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Volvo Cars Registers ~25% Decline In April Sales

Volvo Cars Registers ~25% Decline In April Sales

Swedish automaker Volvo Car Group has reported a 24.8% decline in April sales.

Volvo Makes Investment In StoreDot

Volvo Makes Investment In StoreDot

Volvo Cars, through Volvo Cars Tech Fund, has made an investment in StoreDot, an Israeli company developing extreme-fast charging battery technology.

Volvo Plug-In Car Sales: Almost 50,000 In Q1 2022

Volvo Plug-In Car Sales: Almost 50,000 In Q1 2022

In Q1, Volvo sold globally almost 50,000 plug-in cars (49,774 to be precise), which is 7% more than a year ago.

Volvo Adopts Megacasting Technology For Its Upcoming EV Lineup

Volvo Adopts Megacasting Technology For Its Upcoming EV Lineup

Tesla's new style of casting - "megacasting" - appears to be catching on. Volvo is one of the multiple brands that will use the technique to produce EVs.

Ford Partners With Tesla Co-founder's EV Battery Recycling Venture Program In California

Ford Partners With Tesla Co-founder's EV Battery Recycling Venture Program In California

Ford Motor Co (NYSE: F) and China’s Geely Automobile-owned Volvo Cars (OTC: VLVLY) have partnered with Tesla Inc (NASDAQ: TSLA) co-

Volvo Will Upgrade Torslanda Plant To Produce Next-Gen BEVs

Volvo Will Upgrade Torslanda Plant To Produce Next-Gen BEVs

Volvo announced a 10 billion SEK investment in the Torslanda plant in Sweden - in preparation for the production of next-gen electric cars.

Volvo And Northvolt's Battery Gigafactory Will Be Built In Sweden

Volvo And Northvolt's Battery Gigafactory Will Be Built In Sweden

Volvo Cars and Northvolt have officially revealed that their joint battery manufacturing plant will be built in Gothenburg, Sweden.

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Volvo aims for 30% sales growth this year

Volvo Cars (Thailand) Co has set a sales target of 20%-30% growth in 2022, all driven by sales in the battery electric vehicle (BEV) segment as domestic and global demand for environmentally friendly cars continues to rise.

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