Geely – Page 227 – I wish I had more to offer

AB Volvo publishes Annual Report 2023

Volvo Group today published the Annual Report for 2023 on www.volvogroup.com. GOTHENBURG, Sweden, Feb. 29, 2024 /PRNewswire/ — “During 2023 dedicated colleagues across the Volvo Group worked hard to keep our customer commitments and reduce the lead times as we delivered from the backlogs of vehicles and machines that have been extended since the pandemic.… Continue reading AB Volvo publishes Annual Report 2023

Geely-backed EV maker Polestar secures $950m via debt financing

Swedish luxury electric vehicle (EV) maker Polestar has secured a $950-million three-year syndicated loan facility from 12 international banks, as the firm eyes cashflow breakeven next year, according to a company release on Wednesday. The syndicate of global banks that joined the debt financing round include BNP Paribas, Natixis, Standard Chartered, BBVA, HSBC, and SPDB.… Continue reading Geely-backed EV maker Polestar secures $950m via debt financing

@Geely-Volvo: Volvo Cars’ industry-first connected safety technology can now alert drivers of accidents ahead

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Stoneridge Reports Fourth Quarter 2023 Results

Achieves Q4 Sequential EPS Improvement In Line with Prior Expectations Establishes 2024 Midpoint Revenue Guidance of $1 Billion And Midpoint EBITDA of $67 Million (Midpoint EBITDA Margin Expansion Of 170 Basis Points vs. 2023) Maintains 2027 Long-Term Target and Establishes 2028 Revenue Target of $1.35 – $1.55 Billion and EBITDA Margin Target of 12.0% –… Continue reading Stoneridge Reports Fourth Quarter 2023 Results

Volvo to launch EX90, EX30 electric SUVs in India by 2025

Volvo currently sells two EVs in India – the XC40 Recharge and C40 Recharge – and in a recent interaction with the media, Jyoti Malhotra, MD, Volvo Cars India, has confirmed that the company will double its portfolio by 2025 with the launch of the EX30 and EX90 born electric SUVs. Malhotra even went on to say that the company… Continue reading Volvo to launch EX90, EX30 electric SUVs in India by 2025

Volvo to launch EX90, EX30 electric SUVs in India by 2025

Tata selects Somerset site as location for UK battery factory

Europe’s largest EV battery factory will be located in Bridgewater, Somerset, owner Tata Group has confirmed on February 27, with construction to begin imminently ahead of battery production starting in 2026. The £4 billion facility, backed by £500 million of UK government funding, will be located at the 620-acre Gravity Smart Campus, the site of… Continue reading Tata selects Somerset site as location for UK battery factory

Tata selects Somerset site as location for UK battery factory

Volvo Car India expects 33% of its sales to be EVs in 2024

Having been on fringes in the mainstream luxury car space, Swedish carmaker Volvo Cars India is looking to capitalise on the strong acceptance for electric vehicles at the top end of the market. In a nascent yet fast growing EV market, with just two electric vehicles – XC40 and C40, Volvo Car India was the… Continue reading Volvo Car India expects 33% of its sales to be EVs in 2024