Volvo has announced its intention to raise up to US$2.9 billion with one of the year’s largest initial public offerings (IPO), going public with Chinese parent company, Geely Holding, remaining Volvo’s largest single shareholder. The Swedish-born Chinese-owned company says that it will list on Sweden’s Nasdaq Stockholm exchange later this […]
Volvo
Polestar 2 price confirmed for Australia, starts from $59,900
Volvo’s electrified sub-brand and subsidiary of Geely, Polestar, has confirmed some very competitive price tags for the Polestar 2 in Australia, which is scheduled to arrive locally early next year. The local division, which was only recently set up, has confirmed the Polestar 2 will be offered in three main […]
Polestar plans $20 billion joint public listing, fast track expansion
Swedish electric vehicle manufacturer and Volvo subsidiary, Polestar, has announced plans to go public with a merger involving a US firm, with an enterprise value of $20 billion. This is set to bring a substantial cash injection to help fast track Polestar’s plans to dominate the world of electric vehicles. […]
Polestar doubles R&D team in UK, previews new Model S rival
Polestar has announced moves to double its research and development arm, as the part-Swedish part-Chinese manufacturer looks to get a stronger foothold in the world of electrified motoring. Polestar has confirmed its plans for a new research and development hub in the UK, which would effectively double the amount of […]
Polestar to double global market presence by 2022, in Australia in November
Polestar is set to double its global presence by the end of 2021, growing from the current nine market regions it competes in to 18. That includes an introduction in Australia in November this year. The Geely subsidiary, and offspring of Volvo, is planning to launch in nine more markets […]
Volvo reports record global half-year sales in 2021, up 41%
Volvo is having an absolutely cracking year of sales, with the company recording record-setting profits for the first-half of 2021 on the back of a staggering 41 per cent increase in global sales. Volvo posted a 26 per cent increase in revenue and an increase of 9.4 per cent for […]
Volvo to take full ownership of its Chinese manufacturing, from parent Geely
Volvo has announced that it will take back control of its manufacturing, sales and operations in China after a new agreement with parent company, the Geely Holding Group. If you’re a little confused, don’t worry, it took us a while to understand the full scope of the news, here. In […]
Volvo focused on 1000km range and rapid charging for new EV lineup
Volvo says that it is targeting maximum range figures and fast charging capabilities for its range of next-generation electric vehicles (EVs), as the Swedish manufacturer drums up excitement for its electrified future. The company says that by 2025, its third generation of electric vehicles will feature significant range increases, as […]