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Volvo Cars sales down 17.2% in February, share of electrified cars increased to 33%

Green Car Congress

Volvo Cars reported sales of 42,067 cars in February, a decline by 17.2% Sales of Volvo Cars’ Recharge models made up for 33.0% of all Volvo cars sold globally during the month. In the first two months of the year, Volvo Cars sold 89,628 cars, a decline by 18.8% compared with the same month last year. of total sales.

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Despite Elon Musk’s foolishness, auto industry shouldn’t give up on NACS

Baua Electric

Tesla planned to roll out support to more brands this spring (GM, Volvo, Polestar), with more coming later. FTC: We use income earning auto affiliate links. The post Despite Elon Musk’s foolishness, auto industry shouldn’t give up on NACS appeared first on Bauaelectric Auto News.

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Volvo Cars reports sales of 58,667 cars worldwide in March, down 22.1%; electrified share increased to 36%

Green Car Congress

Volvo Cars reported sales of 58,677 cars worldwide in March, a decline by 22.1% During the first quarter, the number of cars sold increased gradually to a total of 148,295 cars as the supply chain constraints affecting Volvo Cars and the auto industry continued to slowly ease. compared with the same month last year.

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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. Every new Volvo car launched from 2019 will be electrified, and by 2025 the company aims for fully electric cars to make up 50% of its overall global sales.

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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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India’s auto industry will hit Rs 25 lakh crore target before time: Vinod Aggarwal | Autocar Professional

Baua Electric

Auto industry veteran Vinod Aggarwal isn’t just highly optimistic about India’s auto market — he has utmost faith that the sector will achieve its Rs 25 lakh crore target with ease, that too well before the proposed deadline of 2027-28.

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Volvo Cars Tech Fund invests in Israeli technology start-ups MDGo and UVeye

Green Car Congress

Volvo Cars has made investments in two Israeli technology start-ups through the Volvo Cars Tech Fund, the company’s venture capital investment arm. Both UVeye and MDGo have their headquarters in Tel Aviv, where Volvo Cars has been involved with DRIVE, an accelerator for young companies in the mobility sector, since 2017.

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