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Volvo Cars divests its holding in Aurobay to Geely Holding; to be part of new Renault-Geely powertrain company

Green Car Congress

Volvo Cars has a strategic direction to become fully electric by 2030 and shape the future of mobility. Aurobay will become part of the new global company specializing in hybrid and low- emission powertrains being formed by Renault and Geely. Earlier post.). The detailed terms of the transaction are not disclosed.

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Volvo delivers 20 electric trucks to DFDS in Gothenburg; part of 125-unit order

Green Car Congress

Volvo Trucks is delivering 20 fully electric heavy trucks to the logistics company DFDS in Gothenburg, Sweden. The delivery is part of a total order for 125 electric trucks that DFDS has placed with Volvo. Volvo Trucks’ global target is that in 2030, 50% of all new trucks it sells will be electric.

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

Green Car Congress

Ghent is currently preparing to take a second fully electric Volvo model, based on the CMA modular vehicle architecture, into production later this year. The plant already builds the XC40 Recharge, the company’s first fully electric car, as well as a plug-in hybrid version of the XC40.

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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% of all cars being sold globally for the first 10 months to 31 October. Sales of Volvo Cars’ fully electric models reached 3.1%

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Volvo Cars opens new Tech Hub in Singapore

Green Car Congress

Volvo Cars is opening a new Tech Hub in Singapore, a global hotspot for advanced technology and manufacturing excellence. The new Tech Hub will be a key center for data and analytics, software and advanced manufacturing development in line with Volvo Cars’ ambition to be a leader in new technology and a fully electric car maker by 2030.

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Volvo Cars first carmaker to explore fossil-free steel with SSAB and HYBRIT

Green Car Congress

As part of the collaboration, Volvo Cars will be the first car maker to secure SSAB steel made from hydrogen-reduced iron from HYBRIT’s pilot plant in Luleå, Sweden. Volvo Cars’ ambition is to be a fully electric car brand by 2030, with only pure electric cars in its line-up.

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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.

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