The Latest Breaking News from Volvo Cars

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.

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

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

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

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

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

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.