Thursday, November 14, 2024
Volvo Cars has dropped its 2030 goal for its electric vehicles, as the automaker plans to maintain its hybrid releases.
The eagerly awaited Volvo EX30 faces a delayed arrival in the U.S. market, set to happen in 2025. This delay is attributed to increased tariffs on Chinese imports, affecting vehicle shipments. Volvo remains committed to bringing the EX30 to the U.S., despite these challenges and changes in the automotive industry landscape.
Volvo Cars pioneers the world's first EV battery passport for its EX90 SUV, tracking raw materials, components, recycled content, and carbon footprint. Volvo leads the industry by issuing this innovative passport three years ahead of EU regulations. The passport utilizes blockchain technology and will be produced in Volvo's South Carolina facility.
Volvo is revolutionizing road safety with the introduction of an innovative feature designed to alert drivers about nearby crashes and accidents ahead. This system, akin to popular navigation apps, empowers drivers to stay informed and take proactive measures for safer and more secure journeys.
Rare JDM Volvo V70R is being auctioned in the U.S., a 1998 model, originally sold in Japan, now on Bring a Trailer. Low mileage, preserved plastic wrappings on seats, and unique JDM features make it a standout. With 3 days left, bidding at $4,166 presents a chance to own this piece of automotive history.
Volvo's shares surged by more than 26% as it revealed plans to end financial support for subsidiary Polestar Automotive. The move could see Geely Holding, Volvo's majority shareholder, taking over the struggling luxury car brand. Volvo is considering modifying its ownership stake in Polestar, which could involve distributing shares to its own shareholders.
The National Highway Traffic Safety Administration (NHTSA) has recently issued a substantial recall affecting various vehicles for safety-related reasons. Notably, Ford is among the automakers facing a recall due to a significant oil pressure concern. In addition to Ford, both Volvo and Lucid have also initiated recalls to address specific issues. These recalls are part of a larger effort by the NHTSA to ensure the safety of vehicles on the road.
Volvo's impressive foothold in the EV market showcased a 15% overall sales boost, notably marked by a staggering 70% surge in fully electric car sales. Bolstered by a diverse electrified product line and a robust supply chain, Volvo exhibited exceptional regional growth, with Europe soaring by 19%, China by 5%, and the US by 26%.