Tag: Geely

Volvo says it will make only electric cars by 2030

Volvo plans to sell only electric cars by 2030 in the latest move by a legacy carmaker to abandon fossil fuels that contribute to global heating. The Swedish carmaker also said it would only sell its electric cars direct to consumers online, in a blow to the traditional model of selling vehicles via independent dealerships.… Continue reading Volvo says it will make only electric cars by 2030

German Manager Magazin: Electric car: Volvo will be a purely electric car brand from 2030, e-cars will only be sold online000619

The previous big electric announcements often came from brands whose sales figures were comparatively low – and for whom switching to battery-only electric drives should therefore be a little easier. Now, with the Swedish-Chinese luxury car maker Volvo (vehicle sales 2020: 705,452 cars, annual profit in the Corona year: 770 million euros), a significantly larger… Continue reading German Manager Magazin: Electric car: Volvo will be a purely electric car brand from 2030, e-cars will only be sold online000619

@Daimler: Daimler Truck AG and the Volvo Group complete creation of fuel-cell joint venture: cellcentric

Gothenburg, Sweden / Stuttgart, Germany – Daimler Truck AG and the Volvo Group today completed the transaction to form the previously announced fuel-cell joint venture. The Volvo Group has acquired 50 percent of the partnership interests in the existing Daimler Truck Fuel Cell GmbH & Co. KG for approximately EUR 0.6 billion on a cash… Continue reading @Daimler: Daimler Truck AG and the Volvo Group complete creation of fuel-cell joint venture: cellcentric

Volvo’s first EV is stuck on cargo ships waiting for a software update

Volvo XC40 Recharge electric SUVs are currently being held at US ports because the company is waiting to ship a crucial software update before releasing them to customers and dealers, The Verge has learned. The problem appears to be that these XC40 Recharge SUVs — which is Volvo’s first all-electric vehicle — left the company’s… Continue reading Volvo’s first EV is stuck on cargo ships waiting for a software update

Daimler Truck AG and the Volvo Group complete creation of fuel-cell joint venture: cellcentric

Gothenburg, SWEDEN and Stuttgart, GERMANY, March 1, 2021 /PRNewswire/ — Daimler Truck AG and the Volvo Group today completed the transaction to form the previously announced fuel-cell joint venture. The Volvo Group has acquired 50 percent of the partnership interests in the existing Daimler Truck Fuel Cell GmbH & Co. KG for approximately SEK 6.3 billion (approximately… Continue reading Daimler Truck AG and the Volvo Group complete creation of fuel-cell joint venture: cellcentric

VE Commercial Vehicles’ February sales up 19 percent

VE Commercial Vehicles, the Volvo Group and Eicher Motors joint venture, recorded 19 percent growth in year-on-year sales at 5457 units in February (February 2020 sales at 4586 units). This includes 5335 units of Eicher brand and 122 units of Volvo brand.  The Eicher trucks and buses have recorded sales of 5335 units in February representing a… Continue reading VE Commercial Vehicles’ February sales up 19 percent

Pent-up demand, infra push drives M&HCV sales in February

The shortest month of the year February has turned out to be a positive month for commercial vehicle manufacturers in India with everyone except for Mahindra reporting sales in positive territory, albeit on a lower year-ago base. The global automotive industry has been witnessing a major supply chain challenge as the shortage of semiconductors has… Continue reading Pent-up demand, infra push drives M&HCV sales in February