Geely – Page 204 – I wish I had more to offer

Volvo completes acquisition of battery business from Proterra Inc. and Proterra Operating Company

GOTHENBURG, Sweden, Feb. 1, 2024 /PRNewswire/ — The Volvo Group has today completed the previously announced transaction whereby the Group acquired the battery business from Proterra Inc. and Proterra Operating Company Inc. The acquisition, which was made at a purchase price of USD 210M before adjustment for inventory level at closing, includes a development center… Continue reading Volvo completes acquisition of battery business from Proterra Inc. and Proterra Operating Company

NIO Inc. Provides January 2024 Delivery Update

NIO delivered 10,055 vehicles in January 2024, increasing by 18.2% year-over-year Cumulative deliveries of NIO vehicles reached 459,649 as of January 31, 2024 SHANGHAI, China, Feb. 01, 2024 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle… Continue reading NIO Inc. Provides January 2024 Delivery Update

Volvo Cars to stop funding Polestar electric sports car business

Standard Digital FT Digital Edition Premium Digital Print + Premium Digital Print Trial $39 per month Essential digital access to quality FT journalism on any device. Pay a year upfront and save 20%. What’s included Everything in Standard Digital Global news & analysis Expert opinion Special features FirstFT newsletter Videos & Podcasts Android & iOS… Continue reading Volvo Cars to stop funding Polestar electric sports car business

@Geely-Volvo: Volvo Cars 2023 profit increases by 43 percent to deliver a record year in the company’s 97-year history

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The stock market has fallen out of love with electric cars

Renault’s decision to cancel the stock market listing of its Ampere division is the latest in a series of postponements, cancellations or – for those that did float – mistimed listings for EV-angled businesses. Lotus missed its deadline last year to list its electric arm in the US via the SPAC method and now says it… Continue reading The stock market has fallen out of love with electric cars

Volvo Cars 2023 profit increases by 43 percent to deliver a record year in the company’s 97-year history

GOTHENBURG, Sweden, Feb. 1, 2024 /PRNewswire/ — Full Year 2023 2023 revenue was SEK 399.3 bn (SEK 330.1 bn in 2022) 2023 operating income (excl. JVs and associates) was SEK 25.6 bn (SEK 17.9 bn in 2022) 2023 operating income was SEK 19.9 bn… Continue reading Volvo Cars 2023 profit increases by 43 percent to deliver a record year in the company’s 97-year history

Harald Jachwitz Andersen becomes the new director of the National Association of Bicycle Transporters (BIL)

Harald Jachwitz Andersen (50) is employed as the new director of the Bilimportørenes Landsforening (BIL). “Strengthening the car’s place in society and as an engine in the green shift is a mission I’m really passionate about. I am very much looking forward to embarking on this work, together with a highly skilled team, and committed… Continue reading Harald Jachwitz Andersen becomes the new director of the National Association of Bicycle Transporters (BIL)

CHARGED UP: SHIFT TO E-MOBILITY AND THE EVOLUTION OF TRANSPORTATION | MarketsandMarkets™

CHICAGO, Jan. 29, 2024 /PRNewswire/ — In the rapidly evolving landscape of transportation, a revolutionary shift is taking place – the rise of e-mobility. As the world grapples with the challenges of climate change and seeks sustainable alternatives to traditional modes of transportation, E-mobility emerges as a powerful contender. This transformation is not merely confined… Continue reading CHARGED UP: SHIFT TO E-MOBILITY AND THE EVOLUTION OF TRANSPORTATION | MarketsandMarkets™

Volvo launches new trucks worldwide – future proofing its product portfolio

Volvo launches new trucks worldwide – future proofing its product portfolio “This is a bold move– we are launching new best-in-class trucks that will set a benchmark for energy efficiency and reduction of CO2 emissions across the entire product range,” says Roger Alm, President Volvo Trucks. “They have been designed to accelerate the journey towards… Continue reading Volvo launches new trucks worldwide – future proofing its product portfolio