Tag: Geely

Volvo Cars shares down 8% as first-quarter revenues fall

A Volvo EX30 fully electric EV Car is displayed during the Everything Electric London 2024 at ExCel on March 28, 2024 in London, England. John Keeble | Getty Images News | Getty Images Shares of Swedish automaker Volvo Cars fell more than 6% in early trade on Wednesday after a drop in first-quarter revenues. Revenue… Continue reading Volvo Cars shares down 8% as first-quarter revenues fall

Daimler/Traton/Volvo JV opens heavy-duty EV charging hubs in France and Sweden

Milence, an EV charging joint venture of Daimler Truck, the TRATON Group and Volvo, has expanded its operations to the French and Swedish markets. In late 2023, Milence opened its first charging hub in Venlo, the Netherlands. Now the company has opened a charging hub in Heudebouville, 40 km south of the city of Rouen.… Continue reading Daimler/Traton/Volvo JV opens heavy-duty EV charging hubs in France and Sweden

Oberon Fuels and Sunvapor Commission Solar Steam Project with First Purchase Agreement in the US

First-of-its-kind agreement eliminates capex for solar steam while enabling renewable fuels provider to increase output up to 2x and remove up to 90% of carbon used for process energy SAN DIEGO, April 24, 2024 /PRNewswire/ — Today, Oberon Fuels, a renewable fuels producer, and Sunvapor, a renewable heat provider, commissioned a solar steam project under… Continue reading Oberon Fuels and Sunvapor Commission Solar Steam Project with First Purchase Agreement in the US

Volvo Cars reports 8 per cent increase in Q1 2024 core operating profit to SEK 6.8 billion

Q1 revenue was SEK 93.9 bn (SEK 95.7 bn in Q1 2023)  Q1 operating income (excl. JVs and associates) was SEK 6.8 bn (SEK 6.3 bn in Q1 2023)  Q1 EBIT margin (excl. JVs and associates) was 7.2 per cent (6.6 per cent in Q1 2023)             Q1 Basic earnings per share was SEK… Continue reading Volvo Cars reports 8 per cent increase in Q1 2024 core operating profit to SEK 6.8 billion

Luminar starts shipping lidar for Volvo EX90 — while readying its next-gen sensor

/ Luminar has sent out Volvo’s order of lidar units in anticipation of the start of the EX90 EV’s production. Meanwhile, a new lower-cost ‘Halo’ lidar is in the making. By Umar Shakir, a news writer fond of the electric vehicle lifestyle and things that plug in via USB-C. He spent over 15 years in… Continue reading Luminar starts shipping lidar for Volvo EX90 — while readying its next-gen sensor

J.S. Held Celebrates Scientific and Technical Experts on World Laboratory Day

JERICHO, N.Y., April 23, 2024 /PRNewswire/ — Global consulting firm J.S. Held, proudly celebrating 50 transformative years, recognizes scientific and technical experts on World Laboratory Day.  J.S. Held scientists, researchers, investigators, engineers, technicians, and librarians leverage ten specialized laboratories spanning various disciplines. Teams of experts inside the labs and in the field drive discovery, innovation, and… Continue reading J.S. Held Celebrates Scientific and Technical Experts on World Laboratory Day

What investors should know about the UAW’s organizing drive of VW

Volkswagens are seen in the employee parking lot at the Volkswagen automobile assembly plant on March 20, 2024 in Chattanooga, Tennessee. Elijah Nouvelage | Getty Images DETROIT – The United Auto Workers notched a big win this weekend. Volkswagen workers in Chattanooga, Tennessee, overwhelmingly voted in favor of joining the UAW late Friday – marking… Continue reading What investors should know about the UAW’s organizing drive of VW

Exclusive-Mexico, facing US pressure, will halt incentives to Chinese EV makers

By Diego Oré MEXICO CITY (Reuters) – Mexico’s federal government, under pressure from the U.S., is keeping Chinese automakers at arm’s length by refusing to offer such incentives as low-cost public land or tax cuts for investment in EV production, three Mexican officials familiar with the matter said. The last meeting between top Mexican officials… Continue reading Exclusive-Mexico, facing US pressure, will halt incentives to Chinese EV makers