Polestar has had a rocky start to the year, with rumors that parent company Volvo was ready to back out of its role as a majority stakeholder. This week, however, the company’s CEO has illuminated how a new shareholder structure with Volvo and fellow stakeholder Geely will work, just as multiple of the automaker’s new […]
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Real-time battery-management algorithms on an embedded processor? Yes, please.
Polestar has secured 950 million US dollars in external financing. The credit line is intended to cover a large part of Polestar’s estimated capital requirements to finance its next stage of development.
Volvo said it is ready to call it quits on Polestar and is prepared to stop funding the company altogether while simultaneously handing over responsibility to Geely, the Chinese company that is the parent company of the Swedish automaker. Volvo owns roughly 48 percent of Polestar’s shares, but it has long been an overhang on […]
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UK-based energy supplier OVO and energy software company Kaluza have announced a partnership with Volvo Cars to develop EV managed charging services for Volvo Cars and OVO customers in the UK. One-way smart charging and bidirectional charging from Kaluza are scheduled to launch in 2024, as is the Volvo EX90 SUV, the company’s first vehicle… Read more »
Tesla’s Giga Presses continue to catch on with other automakers shifting to electric vehicles (EVs), as the company’s casting machine supplier has just announced a new contract with Volvo. Italian casting machine manufacturer IDRA announced a partnership with Volvo in a press release this week, with the company set to install two 9,000-ton Giga Presses […]
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Volvo says the EX30’s carbon footprint is 25 percent smaller than the C40 or XC40.
Victoria is the first state or territory in Australia to announce the permanent removal of one of the main hurdles for heavy-duty electric trucks to operate on local roads.
The post Victoria paves way for heavy duty electric trucks with permanent axle …
Novo Energy, a joint venture of Volvo Cars and Northvolt, has begun construction of a Li-on battery gigafactory in Gothenburg, Sweden, near Volvo’s existing Torslanda factory. Once complete, the battery plant will have over 3,000 employees, and a potential annual cell production capacity of up to 50 GWh—enough for around half a million EVs. The… Read more »
This week, Geely-owned automaker Volvo shared new plans to end diesel production. In celebration of Climate Week NYC, the automaker announced that it will officially end production of all diesel vehicles in the coming months. Volvo plans to produce its last diesel-powered vehicle early next year, according to a press release shared by the company […]
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