Volvo Cars, through Volvo Cars Tech Fund has made a strategic investment in Israel-based StoreDot, which is working on extreme fast charging technologies for electric vehicles. Meir Halberstam, CFO, StoreDot said “We are moving closer to the mass production of our batteries and this investment from Volvo Cars Tech Fund is yet another huge vote… Continue reading Volvo Cars Tech makes strategic investment in StoreDot
Tag: Volvo
@Geely-Volvo: Volvo Cars Tech Fund invests in battery technology pioneers StoreDot
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New Vehicle Prices Ease Down But Still Straddle Above MSRP
New-vehicle average transaction price changes month-over-month by segment saw only cars increasing and all other segments decreasing. Source: Cox Automotive New-vehicle average transaction prices (ATPs) decreased to $45,927 in March 2022 after reaching a record high in December 2021, according to new data released April 11 by Kelley Blue Book. Prices fell 0.3% ($156) month… Continue reading New Vehicle Prices Ease Down But Still Straddle Above MSRP
New Jaguar F-Pace 300 Sport and 400 Sport models introduced for 2022
Two new additions for the Jaguar F-Pace SUV line-up have been revealed for 2022, adding a pair of new sub-SVR range-topping models to the brand’s Volvo XC60 and BMW X3 rival. Called 300 Sport and 400 Sport, the new duo are priced from £62,250 and £68,520 respectively, which means that only the 5.0-litre V8 supercharged… Continue reading New Jaguar F-Pace 300 Sport and 400 Sport models introduced for 2022
Volvo sales will be 10 per cent electric cars in 2022
Volvo expects one in 10 of the cars it sells in 2022 to be pure electric, almost doubling the percentage share of zero-emissions vehicles it sold in the final quarter of last year. The Swedish brand’s round-up of financial results revealed that amid a record year for revenue, 34 per cent of Volvo’s sales in… Continue reading Volvo sales will be 10 per cent electric cars in 2022
Volvo launches online sales platform for used cars
Volvo has launched a new online sales platform for used cars, offering second-hand models directly from the manufacturer with guarantees on quality. The platform, dubbed Volvo Cars Selekt Direct, allows customers to use a computer, smartphone or tablet to search for, select and pay for a used car in a single end-to-end service, available at… Continue reading Volvo launches online sales platform for used cars
Volvo plans new mega-casting technique for next-generation electric cars
Volvo has confirmed that its next-generation all-electric models will make use of a new mega-casting production technique made possible by an £810 million investment in its Torslanda production facility. The first car to feature the new technology, which could be a production version of the Concept Recharge, will be produced in 2025. Mega-casting involves moulding… Continue reading Volvo plans new mega-casting technique for next-generation electric cars
Volvo rolls out over-the-air software updates across whole range
More Volvo customers can now reap the benefits of over-the-air (OTA) software updates. The Geely-owned carmaker has brought OTA capability to the latest XC90, S60 and V60 models, following the introduction of the tech to its electric vehicles. As a result, all models in the Volvo range from the 2023 model year onwards will have… Continue reading Volvo rolls out over-the-air software updates across whole range
Green Ambitions Energize Hydrogen-Powered Hydrofoil Startup
“No other industry is undergoing as rapid technological change as the auto industry,” says Zoran Filipi, Chair of the Department of Automotive Engineering at Clemson University’s International Center for Automotive Research. “This is driven by the need to address impending, evermore stringent CO2 and criteria emission regulations, while sustaining unprecedented rate of progress with development… Continue reading Green Ambitions Energize Hydrogen-Powered Hydrofoil Startup
Volvo Group expects big impact of Russia-Ukraine war on its finances
About 3% of the Volvo Group’s sales revenue of SEK 372 billion (INR 2.9 lakh crore) was ‘attributable’ to Russia in 2021. New Delhi: The Volvo Group is among the companies which have suspended their operations in Russia since the war on Ukraine started over 40 days ago. As a result, the company expects its… Continue reading Volvo Group expects big impact of Russia-Ukraine war on its finances