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Volvo Cars to triple electric car production capacity in Ghent after strong year of electrified car sales

Green Car Congress

The capacity increase comes as Volvo Cars also reports its full-year sales results for 2020, which showed a strong growth in demand for the company’s Recharge models. The share of Recharge cars as a percentage of total sales more than doubled in 2020, compared to 2019. In Europe, the share of Recharge cars of overall sales was 29%.

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Volvo Cars sales up 12.6% in the first 10 months of 2021; share of electrified cars >25% of all units sold for 10 months, 31.5% in October

Green Car Congress

In October, Volvo Cars global sales reached 50,815 cars, down 22.2% The share of Volvo Cars with a fully electric or plug-in hybrid powertrain—the Recharge models—amounted to 25.5% The share of Volvo Cars with a fully electric or plug-in hybrid powertrain—the Recharge models—amounted to 25.5%

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Despite labor dispute, Tesla takes the crown in sales in Sweden, Norway

Baua Electric

Photo by Lukas Kloeppel on Pexels.com It’s no surprise that Norway is leading the world in EV adoption, but 2023 saw the country reach new heights with electric vehicles taking a record 82% market share, and Tesla with a whopping 20% market share. Meanwhile, in Sweden, Tesla market share in Sweden grew by a more modest 6.1%

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Volvo Trucks and Bucher collaborate to electrify sewer cleaner trucks

Green Car Congress

By the end of 2023, Bucher Municipal expects to deliver up to 80 fully electric sewer cleaner trucks to cities in Europe. The introduction of more zero emission zones in cities around the world is generating demand for fully electric trucks. Rigid versions will be released for sale in the fourth quarter of 2022.

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DHL Freight and Volvo Trucks partner to speed introduction of longer-distance heavy-duty electric trucks in Europe

Green Car Congress

The cooperation includes exclusive, worldwide first pilot tests of a fully electric Volvo FH truck with gross combination weights up to 60 tons. Starting in March, the truck will operate between two DHL Freight logistics terminals in Sweden, a distance of approximately 150 km (93 miles). —Uwe Brinks, CEO at DHL Freight.

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Volvo Cars invests in designing and developing electric motors in-house

Green Car Congress

Volvo Cars says that it is making significant investments that allow for the in-house design and development of electric motors for the next generation of Volvo models, as the company continues to move towards becoming a fully electric car maker. The newly opened electric motor lab in Shanghai became operational last month.

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Volvo's Financial Renaissance: 2023 Sees Highest Profit Rise in Nearly a Century

The Truth About Cars

Photo credit: Jonathan Weiss / Shutterstock.com Volvo Cars experienced a robust financial year in 2023, marked by a substantial increase in annual revenue and a notable rise in the sale of fully electric cars. The two companies will maintain their collaboration in R&D, manufacturing, and after-sales services.

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