Tag: Volvo

Volvo Group invests in Designwerk Technologies AG to complement electromobility capabilities

GOTHENBURG, Sweden, April 26, 2021 /PRNewswire/ — Volvo Group has signed definitive agreements to acquire 60 percent of Designwerk Technologies AG, an engineering company in Switzerland, that develops and sells electromobility products and engineering services within electromobility eco-systems. By investing in Designwerk Technologies, the Volvo Group will complement its current capabilities when it comes to… Continue reading Volvo Group invests in Designwerk Technologies AG to complement electromobility capabilities

Renault and Dacia soon to be restricted to 180 km / h

Posted on Apr 25, 2021, 12:08 PM Renault and Dacia drivers will soon no longer be able to exceed 180 km / h. During the general meeting of shareholders, this Friday, the CEO of the diamond firm, Luca de Meo , has indeed announced that all vehicles produced by Renault and Dacia will be gradually… Continue reading Renault and Dacia soon to be restricted to 180 km / h

Volvo Group Venture Capital invests in EV charging software company Driivz

Volvo Group Venture Capital makes investments that support collaborations between startups and the Volvo Group, especially in areas such as logistics services, site solutions and electrical infrastructure. The group’s latest investment is Driivz, a software company that calls itself “the operating system for global EV charging.” The Driivz platform is designed for managing large charging… Continue reading Volvo Group Venture Capital invests in EV charging software company Driivz

Volvo Group – the first quarter 2021

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

@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