Tag: Volvo

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

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

Volvo Cars, Zoox, SAIC and More Join Growing Range of Autonomous Vehicle Makers Using New NVIDIA DRIVE Solutions

SANTA CLARA, Calif., April 12, 2021 (GLOBE NEWSWIRE) — GTC — Volvo, Zoox and SAIC are among the growing ranks of leading transportation companies using the newest NVIDIA DRIVE™ solutions to power their next-generation AI-based autonomous vehicles, NVIDIA announced today. NVIDIA’s design-win pipeline for NVIDIA DRIVE now totals more than $8 billion over the next six… Continue reading Volvo Cars, Zoox, SAIC and More Join Growing Range of Autonomous Vehicle Makers Using New NVIDIA DRIVE Solutions

Toyota president Akio Toyoda is 2021 World Car Person of the Year

Ninety-three distinguished international journalists on the World Car Awards jury panel have voted Akio Toyoda, President and CEO, Toyota Motor Corporation, as the 2021 World Car Person of the Year. Akio Toyoda is the charismatic President and CEO of Toyota Motor Corporation, where he has spent years successfully remaking his company. In 2020, under his… Continue reading Toyota president Akio Toyoda is 2021 World Car Person of the Year

Volvo Group and SSAB to collaborate on the world’s first vehicles of fossil-free steel

GÖTEBORG, Sweden, April 8, 2021 /PRNewswire/ — Volvo Group and SSAB have signed a collaboration agreement on research, development, serial production and commercialization of the world’s first vehicles to be made of fossil-free steel. Volvo plans already this year to start the production of concept vehicles and components from steel made by SSAB using hydrogen.… Continue reading Volvo Group and SSAB to collaborate on the world’s first vehicles of fossil-free steel

Polestar ‘will have to question everything’ in order to build the first climate-neutral EV

Polestar, the Swedish electric vehicle brand spun out of Volvo Car Group, set on Wednesday a “moonshot goal” of creating the first climate neutral car by 2030. But instead of getting there through more widely-practiced offsetting measures, such as planting trees, the company said it’s going to fundamentally change the way the new EV is… Continue reading Polestar ‘will have to question everything’ in order to build the first climate-neutral EV