Volvo - 2021

Volvo Group Venture Capital AB has invested in Driivz Ltd., a leading global EV charging software company which has developed a platform for managing large charging networks for electric vehicles from end-to-end. A joint pilot project between Volvo Trucks, the Volvo Group and Driivz is ongoing with the aim of developing and testing new and innovative charging services to meet the specific needs of electric truck...

17 March 2021

During its press event, Volvo Cars has once again expressed its commitment to becoming a manufacturer of full-electric cars by 2030 and to become fully CO2 neutral by 2040. It reserved the last five minutes of the presentation for announcing the Volvo C40 Recharge. Being the first model unveiled under the new strategy, it will also be the one that's exclusively sold online. Details were scarce. If we have to re-cite...

2 March 2021

Volvo Cars is committed to becoming a leader in the fast-growing premium electric car market and plans to become a fully electric car company by 2030. By then, the company intends to sell only fully electric cars and phase out any car in its global portfolio with an internal combustion engine, including hybrids. The company's transition towards becoming a fully electric car maker is part of its ambitious climate...

2 March 2021

Volvo Cars is tripling electric car manufacturing capacity at its plant in Ghent, Belgium as it prepares to meet fast growing demand for its Recharge line-up of chargeable cars. 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...

7 January 2021

Once again, Volvo Cars declared its intention to become a fully electric car maker. Another step towards achieving this goal is the in-house development and manufacturing of electric motors. Volvo has started making heavy investments in this direction. It has opened a new electric motor laboratory in Shanghai, China, and already has a functioning one in Gothenburg, Sweden. It will mainly focus on electric motor...

3 November 2020

The Volvo XC40 Recharge P8 AWD has entered production, Volvo announced. The company said that "while order books remain open, every car scheduled to be built this calendar year has already been sold." The vehicles is produced at Volvo's Ghent plant. The XC40 Recharge is based on the Compact Modular Architecture (CMA), an advanced vehicle platform co-developed within the Geely Group. The P8 AWD version offers a...

2 October 2020