Volvo’s Brand Polestar Confirms That the Polestar 6 Electric Roadster Will Enter Production and Launch in 2026
Electric performance car brand Polestar has confirmed plans to put its electric roadster concept into production. The production version of the battery-powered sportscar car is expected to launch in 2026 as the “Polestar 6”. Polestar was able to take the classic look of iconic roadsters of the past and incorporate the design elements into a modern, fully-electric sportscar.
Eric Walz2022-09-22 09:00 PT
Volvo Cars to Test Wireless EV Charging Over the Next Three Years in a Pilot Using Taxis in Sweden
Sweden’s Volvo Cars is integrating and testing a new wireless charging technology in a real world pilot together with selected partners, evaluating its potential use for future electric cars. Over a three-year period, a small fleet of fully electric Volvo XC40 Recharge SUVs will be used as taxis and charged wirelessly at charging stations in Gothenburg, Sweden.
Eric Walz2022-04-09 15:30 PT
Volvo Cars is Investing $1.1 Billion in its Factory in Sweden for the ‘Mega Casting’ of Aluminum EV Bodies
Volvo Cars is investing SEK 10 billion (US$1.1 billion) in its Torslanda manufacturing plant in Sweden over the next several years in preparation for the production of its next generation fully electric cars. Volvo said it will introduce a number of new and more sustainable technologies and manufacturing processes in the plant, including the “mega casting” aluminum vehicle body parts as a single structure.
FutureCar Staff 2022-03-17 09:30 PT
Volvo Cars & Northvolt are Building a 50 GWh EV Battery Factory in Sweden, Will Be One of the Largest in Europe
Automaker Volvo Cars and its electric vehicle battery partner Northvolt are establishing a new battery manufacturing plant in Gothenburg, Sweden which will start producing batteries in 2025, the two companies announced. Once completed, the battery cell joint venture factory will be one of the largest EV battery cell factories in Europe. Volvo Cars and Northvolt appointed former Tesla executive Adrian Clarke to lead the new joint venture.
Eric Walz2022-03-16 11:00 PT
Volvo’s EV Brand Polestar Opens a New Retail Showroom on the Scenic Pacific Coast Highway in California
Electric performance brand Polestar announced the opening of its 16th retail showroom in the U.S. on California’s famed Pacific Coast Highway. The prime location in Laguna Beach will reach customers living throughout Orange County, a key market for EVs and the second largest one in California. Polestar’s new location will give customers the opportunity to experience Polestar vehicles first-hand and ask questions in a non-traditional, low pressure environment without salespeople.
FutureCar Staff 2022-03-09 11:45 PT
Volvo Plans to Launch its New ‘Ride Pilot’ Autonomous Driving Feature in California, Which Requires No Human Supervision
Volvo Cars announced on Wednesday that its new autonomous driving feature called “Ride Pilot” can operate safely without human oversight. The automaker plans to offer the feature on vehicles in California first, before rolling its out to other regions. The name "Ride Pilot" implies that when the car is driving on its own, Volvo Cars takes full responsibility for all of the driving tasks.
Eric Walz2022-02-12 09:15 PT
Volvo Cars Shares Surge 22% After its $2.3 Billion IPO and Debut on the NASDAQ Stockholm
Swedish automaker Volvo Cars is the latest automaker to go public after the company completed its planned European IPO on Friday. The automaker's shares are listed on the NASDAQ Stockholm. Volvo Cars scaled back its IPO earlier this week, pricing it at the low end of its previously announced range of SEK 53 to 68 per share. The shares surged 20% reaching SEK 63 (US$7.32) on the first day of trading before settling back near the offer price.
FutureCar Staff 2021-12-05 13:30 PT
Volvo Cars Announces Plans for an IPO, Aims to Raise $2.9 Billion
Sweden-based automaker Volvo Cars, which is owned by Chinese automaker Zhejiang Geely Holding Group Co. (“Geely”), on Monday announced its intention to launch an Initial Public Offering (IPO) and to list its class B shares on Nasdaq Stockholm. For the proposed IPO, Volvo Cars is expected to issue new shares to raise gross proceeds of approximately SEK 25 billion (US$2.8 billion).
FutureCar Staff 2021-11-10 11:30 PT
Volvo’s Electric-Performance Brand Polestar to Go Public in a $20 Billion SPAC Deal With Gores Guggenheim, Inc.
After months of rumors, electric-performance vehicle brand Polestar, which is jointly operated by Swedish automaker Volvo Cars and its parent company Chinese automaker Zhejiang Geely Holding (“Geely”), announced on Monday an agreement to merge with special purpose acquisition company (SPAC) Gores Guggenheim, Inc.
Eric Walz2021-11-03 10:15 PT
Volvo Cars to Take Full Control of its Chinese Business From Automaker Geely as it Explores a Possible IPO
Swedish automaker Volvo Cars has struck a deal to buy out parent company Zhejiang Geely Holding (Geely) from its joint ventures in China, in a move that could make a possible initial public offering (IPO) of Volvo Cars more attractive to investors. Chinese automaker Geely is the parent company of Volvo Cars and the two companies are joint venture partners in China building cars for the local market.
FutureCar Staff 2021-08-27 13:00 PT
Volvo Cars to Take a Bigger Stake in Electric-Performance Brand Polestar
Swedish automaker Volvo Cars is acquiring additional shares in electric electric performance vehicle brand Polestar, the automaker announced on Monday. The additional shares in Polestar will increase Volvo Cars’ stake to 49.5%. Polestar is the new EV brand operated by Volvo Cars and its parent company Chinese automaker Zhejiang Geely Holding Group Co (Geely).
FutureCar Staff 2021-08-18 13:20 PT
Volvo is Building a 225 Million Gigabyte Data Center to Collect & Process Real-Time Vehicle Data to Improve Safety
Swedish automaker Volvo Cars held a Tech Day on Wednesday where company executives shared a roadmap of the company’s future plans, including a switch to all-electric and software-based vehicles by 2030. These plans include having ten of thousands of connected cars on the road in the next decade traveling millions of kilometers and continuously sharing data with the automaker.
Eric Walz2021-08-07 10:00 PT
Volvo’s New Electric XC90 to Come with LiDAR & NVIDIA's Orin Processor for Autonomous Driving
Volvo Cars announced that its upcoming fully electric flagship XC90 SUV will come with state-of-the-art sensors for autonomous driving, including a lidar sensor developed by its partner Luminar. The electric XC90 will also use the NVIDIA DRIVE Orin system-on-a-chip to power its autonomous driving and safety systems.
Eric Walz2021-07-31 09:50 PT
Electric Brand Polestar Raises $550 Million in its First External Investment Round
Electric vehicle brand Polestar, which is jointly owned by Swedish automaker Volvo and Chinese automaker Zhejiang Geely Holding (Geely), announced it raised $550 million in its first ever outside investment round. The new financing comes as investors pour money in electric vehicle stocks and related companies working on advanced mobility, including EV battery technology and self-driving vehicles.
Eric Walz2021-05-22 09:45 PT
Volvo Cars Announces it Will Only Offer Fully-Electric Vehicles by 2030
Swedish automaker Volvo Cars announced on Tuesday that it will transition to fully-electric vehicles by 2030. The company will electrify its entire model lineup, replacing all of its internal combustion engine models by then. In the interim, Volvo aims for hybrid models to make up 50% of its offerings by 2025. Volvo’s transition to becoming a fully electric car company is part of its ambitious plan to address climate change, buts its also a way to adapt to a changing auto industry.
Eric Walz2021-04-08 12:30 PT
Volvo is Partnering with Silicon Valley Startup Luminar on Lidar for its Self-Driving Vehicles
Silicon Valley lidar startup Luminar has entered into a partnership with Volvo Cars to supply its lidar perception technology for the automaker’s next-generation self-driving vehicles. Luminar’s partnership with Volvo will support the automaker’s self-driving technology for highway driving called “Highway Pilot.”
Eric Walz2020-06-12 08:00 PT
Volvo Cars & China’s Geely in Talks to Merge, Creating a Single Global Auto Group
Volvo Car AB and Chinese automaker Geely Automobile Holdings Limited said they are considering combining their businesses to create a single global group, which would boost each company's financial position and facilitate technology sharing between the two companies.
Eric Walz2020-03-19 14:30 PT
Volvo Cars to Use Blockchain to Track the Source of Cobalt for EV Batteries
Automaker Volvo Cars is utilizing blockchain technology in an effort to ensure that raw materials for its EV batteries are sustainably sourced. The automaker will become the first carmaker to implement global traceability of cobalt used in its EV batteries by applying blockchain technology.
FutureCar Staff 2019-12-13 19:00 PT
Volvo to Install Sensors & Cameras in Upcoming Models to Prevent Impaired Driving
Swedish automaker Volvo Cars has come up with a new solution to prevent drivers from operating a vehicle while intoxicated. The automaker announced today it will introduce an in-vehicle system using cameras in the passenger compartment to monitor a driver’s behavior and detect if they are impaired.
Eric Walz2019-04-26 16:45 PT
Volvo Cars Cancels its Planned IPO Amid Ongoing Trade Tensions
Volvo Cars has postponed its planned IPO, citing ongoing trade tensions and a decline in automotive stocks. The Swedish carmaker, which is owned by China’s Geely, hoped to list its shares by the end of the year.
FutureCar Staff 2018-10-17 12:22 PT
LG Develops ‘Invisible' Speaker Sound Technology That Could Revolutionize In-Vehicle Audio
Eric WalzDec 28, 2022 10:45 AM PT
Toyota's Redesigned Prius May Get More Drivers Behind the Wheel of a Hybrid Vehicle
FutureCar Staff Dec 25, 2022 12:50 PM PT
Researchers at South Korea's Chung-Ang University Develop a ‘Meta-Reinforcement' Machine Learning Algorithm for Traffic Lights to Improve Vehicle Throughput
Eric WalzDec 22, 2022 2:30 PM PT