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Volvo Group to acquires 45% of Dongfeng Commercial Vehicles for $900M; Volvo to become world’s largest manufacturer of heavy-duty trucks

Green Car Congress

AB Volvo has signed an agreement with the Chinese vehicle manufacturer Dongfeng Motor Group Company Limited (DFG) to acquire 45% of a new subsidiary of DFG, Dongfeng Commercial Vehicles (DFCV), which will include the major part of DFG’s medium- and heavy-duty commercial vehicles business. The purchase price is RMB 5.6 Click to enlarge.

Volvo 294
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California passes 1M mark for cumulative sales of electric vehicles: BEVs, PHEVs and FCEVs

Green Car Congress

The CEC updates its Zero Emission Vehicles (ZEV) sales figures quarterly by analyzing DMV data. Specifically, cumulative sales through the end of 2021 were: 663,014 BEV (62.9%). For sales in 2021 only, the shares were: 183,933 BEV (73.5%). From CEC New ZEV Sales dashboard. Volvo: 1,325 XC40, 1 C40 (0.7%).

PHEV 406
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Volvo To Go All Electric By 2030 – EV Week in Review: Feb 23-Mar 1

EV Adoption

This past week was certainly quite a whirlwind of EV news and developments from Volvo’s plans to end production of ICE vehicles by 2030, yet another proposal to reform the federal EV tax credit, chip shortages, Washington state’s plans to ban ICE vehicles by 2030, Lucid Air delay, Fisker to partner with Foxconn, and much, much more.

Volvo 95
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EV myths busted: Are electric vehicles safer than gas-powered cars?

Drive Electric

Volvo and other automakers have been developing sealed and insulated batteries to further prevent some instances of thermal runaway. There isn’t an electric car for sale in New Zealand today that has scored less than a total five-star ANCAP rating. Safety should be a priority for anyone making their next vehicle purchase.

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PIP Declares Victory

Plug In Partners

PHEV s allow for optimization of readily available clean-energy resources and represent a sustainable transportation solution that can be delivered today. Ford , Chrysler , Volvo Nissan , Subaru and VW have all indicated they will be bringing plug-in hybrids to the showroom floor for sale within the next few years.