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Volvo enters autonomous driving market via company acquisition

Teslarati

Volvo has acquired Zenseact, an autonomous driving hardware and software supplier. While many automakers now view autonomous driving products as the auto industry’s future, recent history has shown that it can be a highly volatile market. Details regarding how much Volvo paid for the shares have not been disclosed.

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Volvo Cars Tech Fund invests in electric car charging company FreeWire

Green Car Congress

Volvo Cars has acquired a stake in mobile EV rapid charging company FreeWire Technologies ( earlier post ) via the Volvo Cars Tech Fund. FreeWire is a San Francisco-based company that has been a pioneer in flexible fast-charging technology for electric cars. —Zaki Fasihuddin, CEO of the Volvo Cars Tech Fund.

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Tesla US Sales Up 104% While US Auto Industry Down 22%

CleanTechnica EVs

Comparing the 3rd quarter of 2021 to the 3rd quarter of 2020, US Tesla sales were up 67% while overall US auto sales were down 13%. Compared to 2019, the difference was even more stark — Tesla sales were up 104% and US auto sales were down 22%.

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European auto industry proposes further 20% cut in passenger car CO2 by 2030 from 2021; conditional on EV uptake and infrastructure; no ZEV mandate

Green Car Congress

At the Frankfurt Motor Show, the European Automobile Manufacturers’ Association (ACEA) outlined the industry’s proposal for a pathway to future CO 2 reductions: a 20% CO 2 reduction for passenger cars by 2030, compared to 2021. The European Commission will reveal its proposal on CO 2 targets for cars post-2021 later this year.

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Lux Research says GM, Daimler and Toyota lead automakers in emerging technology partnerships tackling megatrends

Green Car Congress

Technologies such as alternative fuels, electric vehicles, and advanced composites are partial responses to these megatrends, but understanding their impact on the industry requires looking at all of them in complete automotive ecosystems, according to the report “Under the Hood: Mapping Automotive Innovations to Megatrends”.

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Geely officially discloses new global B-segment automobile modular architecture: BMA; new BMA-based SUV to launch this year

Green Car Congress

Automobile modular architectures—for example, TNGA of Toyota, and MQB, MLB and MEB of the Volkswagen Group—hav become a major trend in the auto industry.

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Volvo Buses and SAIC Motors form joint company for new energy driveline systems; electric and hybrid buses

Green Car Congress

Volvo Buses and Chinese SAIC Motors have agreed to form a new joint venture company for driveline systems for new energy buses such as hybrids and electric buses. The new company will be owned by SAIC with 60% and by Volvo with 40%. The new company will act as the carrier for the new energy bus industrialization.

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