GOTHENBURG, Sweden, April 22, 2021 /PRNewswire/ — “The first quarter of 2021 was characterized by high activity among our customers, which was reflected in good demand for both new products and services. Compared with the first quarter of 2020, our net sales increased by 3% to SEK 94.0 billion. The good sales volumes, not least… Continue reading Volvo Group – the first quarter 2021
Tag: Volvo
@Geely-Volvo: Volvo Cars to lower CO2 emissions and save billions in circular business aim
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@Geely-Volvo: Volvo Cars teams up with world’s leading mobility technology platform DiDi for self-driving test fleet
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@Geely: Geely Unveils Latest High-End Flagship SUV – Xingyue L
Geely Auto unveils latest CMA-based flagship SUV, Xingyue L with new “Symphony of Space and Time” aesthetic Premium SUV highlights symphony between Eastern and Western styling Empowered by advanced technologies to offer a luxurious user experience First Geely model to go beyond L2 autonomy with 100% automated valet system, enabling the car to search for… Continue reading @Geely: Geely Unveils Latest High-End Flagship SUV – Xingyue L
Polestar raises $500M from outside investors as EV market grows
Polestar, Volvo Car Group’s standalone electric performance brand, has raised $550 million in its first external round led by Chongqing Chengxing Equity Investment Fund Partnership, Zibo Financial Holding and Zibo Hightech Industrial Investment. SK Inc., the South Korean global conglomerate, and a range of other investors also participated. While this is Polestar’s first external round, the… Continue reading Polestar raises $500M from outside investors as EV market grows
Geely’s EV unit Polestar raises $550m in external funding
Sweden’s Polestar, the electric car maker controlled by Volvo and its parent, the Chinese automaker Geely, has raised $550 million in external funding, the company said on Thursday. The financing is Polestar‘s first external funding and comes amid a year of sustained sales and share price growth for electric vehicle (EV) makers such as Tesla Inc and Nio Inc.… Continue reading Geely’s EV unit Polestar raises $550m in external funding
Daimler’s Spanish unit can be liable for cartel damages, EU court adviser says
By Foo Yun Chee 3 Min Read BRUSSELS (Reuters) -Daimler’s Spanish unit can be liable for damages sought by companies affected by the German carmaker’s role in a truck cartel fined by EU antitrust regulators five years ago, an adviser to Europe’s top court said on Thursday. FILE PHOTO: Daimler AG sign is pictured at… Continue reading Daimler’s Spanish unit can be liable for cartel damages, EU court adviser says
Toyota taps Apex.AI for its autonomous vehicle operating system
Automakers shifting to all-electric and tech-laden vehicles have discovered that software — and more aptly software that is free of bugs and can be updated wirelessly — has become a consistent speed bump on the road to attracting customers. It is an issue that plagued Volkswagen’s launch of its all-electric VW ID.3, the 2022 Volvo… Continue reading Toyota taps Apex.AI for its autonomous vehicle operating system
@Geely-Volvo: Volvo Cars deepens collaboration with NVIDIA; next-generation self-driving Volvos powered by NVIDIA DRIVE Orin
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Nvidia, Volvo Cars accelerate auto industry’s data-processing power race
By Joseph White 3 Min Read DETROIT (Reuters) – Volvo Cars said Monday it will use a new generation of high-powered chips from Nvidia Corp to enable more autonomous driving functions in future vehicles, starting next year. Slideshow ( 2 images ) Volvo is among a crowd of new and established automakers putting digital processing… Continue reading Nvidia, Volvo Cars accelerate auto industry’s data-processing power race