Be The Change

Category: Volvo Cars (Page 1 of 2)

Volvo Cars is a Swedish multinational manufacturer of luxury vehicles headquartered in Torslanda, Gothenburg.

In 1999, Volvo Cars separated from AB Volvo, and the division was sold to the Ford Motor Company. In 2010, Ford sold loss-making Volvo Cars to the company Geely. Volvo Cars was publicly listed on the Nasdaq Stockholm stock exchange in 2021, though Geely still retains majority ownership. (Source » Wikipedia and others)

Most auto executives agree the transition to EVs is inevitable

How rapidly to make the switch is another question, and the one that is driving divergent strategies.

Ryan Felton, of the Wall Street Journal, reports traditional auto makers have pledged to transform their model lineups to EVs, but timelines vary.

Focused mostly on the profits, car makers do not want to get ahead of consumer demand on EV rollout. That could inflate their costs and hurt sales of ICE-powered vehicles, profits from which are needed to develop electric vehicles.

However, they know that lagging behind rivals would harm their chances to establish themselves in a major growth area over the next decades.

“We don’t want to risk missing the market,” Volvo Car AB Chief Executive Jim Rowan said during an earnings call this month. The Swedish auto maker is among those seeking to rapidly evolve into an electric-only manufacturer, saying it will offer an all-EV lineup by 2030. Last year, 11% of Volvo’s vehicle sales were electric.

Volvo Cars is on track for cost parity between BEV and ICE-powered vehicles by 2025



The company’s chief commercial officer and deputy CEO Bjorn Annwall told CarExpert that, unlike some brands that persist with internal combustion development, Volvo’s commitment to be a battery electric vehicle company by 2030 means it has a potential for cost parity by mid-decade.

“I think it’s really important that you get cost parity between BEV and ICE,” Mr Annwall said.

“Our whole technical roadmap is geared to achieve exactly that, that by mid-decade, the cost for BEV should be same as ICE. And that’s the reason we need to work on optimising the full flow in a different way to get that out.

Read the whole article at CarExpert »

Automakers are backing California in challenge to set emissions standards

The federal court case — Ohio v. EPA — is pending in the U.S. Court of Appeals in Washington. 17 US states petitioned the court to revoke California’s Clean Air Act waiver, which allows the California to set emissions standards higher than federal standards.

The 17 petitioners opposing California and the Environmental Protection Agency are the US states of Ohio, Alabama, Arkansas, Georgia, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Montana, Nebraska, Oklahoma, South Carolina, Texas, Utah, and West Virginia.

Meanwhile, today New Jersey Governor Phil Murphy announced that the state will initiate the process to adopt California’s Advanced Clean Cars II.

The automakers — BMW, Ford, Honda, Lucid, Rivian, Tesla, Volkswagen, Volvo — essentially argue that California’s emissions standards are in line with market forces, noting in the brief that demand for EVs has drastically increased.


Read Stephen Edelstein’s article in Green Car Reports to learn more.

Volvo CEO warns competitors against moving too slow into EVs

General Motors, Ford, and other large manufactures have recently committed billions of dollars towards further development of internal combustion engines (ICE) and their dinosaur-juice fuelled vehicles.

Commenting on his competitors’ slower move to electric vehicles, Volvo Cars’ new CEO Jim Rowan is promoting a different approach, and cautions his competitors against hedging their bets by investing heavily in internal combustion engines (ICE) as they “risk missing the market.”

LMC Automotive reported EV sales surged 72% globally to 7.97 million vehicles in 2022. Nearly 10 percent of new light vehicles sold were pure battery electric vehicles (BEV).

Volvo EX90

Volvo EX90

Volvo is introducing two new EV in 2023 and plans to launch a new EV model every year for the next three or four years.

The flagship Volvo EX90 all-electric 7-seat SUV and a second, more modest crossover will both be in production by the end of this year.

Source » Automotive News 🔒 /

Volvo brand is gearing up for an electric blitz

Volvo EX90

Reuters »

Volvo Cars is gearing up for an electric blitz to convert all its mainstay models – three SUVs and two sedans – into electric vehicles and to introduce a luxury electric van aimed at boosting sales in Asia, two people with knowledge of the plans said.

Volvo has moved development work on sedans and the coming people-mover model to its Shanghai research and development hub.

Read the Reuters report »

Volvo Cars, headquartered in Sweden, is 82%-owned by China’s Zhejiang Geely Holding Group, commonly known as Geely.

Elsewhere » Motor1 / InsideEVs / Car and Driver / Automotive World


Chinese-owned Volvo Cars and Northvolt AB will set up a research facility in Gothenburg with aim to build EV batteries in Europe

Bloomberg »

The companies said Friday they’ll set up a research facility in Gothenburg, Sweden next year that will sustain “a few hundred” jobs. They’ll decide on a specific location for their battery factory in the region early 2022.

Volvo Cars has gained more than a third since its October trading debut in Stockholm as investors bought into the company’s turnaround and promise of an electric future. The carmaker owned by China’s Zhejiang Geely Holding Group Co. plans to sell only fully electric vehicles by the end of this decade — up from 4% of shipments in the three months trough September.

Elsewhere » Automotive News Europe / Reuters

Six automakers sign the Glasgow Declaration on Zero Emission Cars and Vans and commit to end fossil-fuel vehicles by 2040

The Glasgow Declaration on Zero Emission Cars and Vans, announced at the COP26 climate summit, includes a commitment to “work towards all sales of new cars and vans being zero emission globally by 2040, and by no later than 2035 in leading markets”.

Ford, General Motors, Geely-owned Volvo, Daimler-owned Mercedes-Benz, BYD, and Tata Motors-owned Jaguar Land Rover all signed the commitment.

Major automakers notably absent include Toyota (unsurprisingly*), Volkswagen, BMW, Renault, Hyundai, Honda, Nissan, and Stellantis.

Toyota Motors is the third most obstructive company in the world, actively lobbying against national climate policies. They are third behind gas and oil giants ExxonMobile and Chevron.

Chinese-owned Sweden-based Volvo has already committed to going fully electric by 2030.

Countries that did sign the declaration include » Austria, Canada, Chile, Croatia, Denmark, Finland, Iceland, Ireland, Lithuania, Netherlands, New Zealand, Norway, Scotland, Slovenia, Sweden, Turkey, the United Kingdom, and Uruguay.

Major auto producing countries notably absent include » China, Germany, Japan, and the United States.

Canadian provinces of British Columbia, and Quebec also committed.

Continue reading

« Older posts

© 2024 EV Trend

Theme by Anders NorenUp ↑