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  Restart IPO after three years, Volvo may be listed in Sweden within this year

  On May 13, Volvo officially announced that its board of directors had decided to re-evaluate the possibility of IPO, which is expected to be listed on the Stockholm Stock Exchange of Sweden later this year. However, the final decision on listing depends on the market environment, and there is no guarantee that the listing will take place. This is not the first time Volvo has heard the news of IPO. Volvo started the process of listing in 2018, hiring top investment banks, including Citigroup, Goldman Sachs and Morgan Stanley, to coach Volvo. At that time, Geely valued Volvo at $160-30 billion, while Volvo was given 120.

  Volvo 2021-05-14
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  Volvo officially listed in Sweden

  Today, Volvo announced its official listing on the Stockholm Stock Exchange in Sweden. The trading symbol is "VOLCAR B" with an opening price of SEK 58.75 and an offering price of SEK 53 per share. As early as Oct. 4, Volvo issued a statement that it plans to conduct an IPO and list on the Nasdaq Stockholm Stock Exchange. According to Volvo's official announcement, the IPO raised 18.5 billion yuan, or about $2.87 billion. Regarding the listing, Volvo CEO Hanken Samuelson said, "the decision to promote IPO will help enhance our brand, and."

  Volvo 2021-10-29
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  Tesla CEO Musk confirmed infection with COVID-19

  Tesla CEO Musk confirmed infection with novel coronavirus. On November 18, local time, Swedish television reported that Tesla CEO Elon Musk (Elon Musk) was infected with novel coronavirus after visiting Sweden. According to reports, in early November, Tesla CEO Elon Musk landed at Scarfesta airport in Sweden on his private jet and then went to Eskilstuna and Stora Sundby castles for private parties. He himself said on Twitter that he was infected with novel coronavirus during his stay in Sweden.

  Tesla Musk 2020-11-19
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  Volvo plans to raise 18.5 billion yuan and Volvo will be listed in Sweden

  Volvo plans to IPO and list on the Nasdaq Stockholm Stock Exchange, and its new shares will raise a total of about 25 billion Swedish kronor (18.5 billion yuan), Volvo's official website said on Oct. 4. On IPO, Volvo CEO Hanken Samuelson said, "the decision to move forward with IPO will help enhance our brand and accelerate the transformation strategy of fully electrified, user-directed and higher levels of security. This will help the company achieve continuous growth in sales, revenue and profitability. " Volvo said the Nasdaq Stockholm deal.

  Volvo 2021-10-05
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  NVIDIA announces cooperation with Volvo to start driving cars

  NVIDIA announced a cooperation agreement with Sweden's Volvo to jointly develop self-driving cars available in all markets. Volvo is working with US chipmaker NVIDIA to develop artificial intelligence for self-driving trucks, Volvo's headquarters in Gothenburg, Sweden, said on June 18th. NVIDIA DRIVE end-to-end self-driving platform is used to train, test and deploy self-driving AI vehicles. The target areas are public transportation, freight transport, garbage collection, construction, mining, forestry and so on. Martin Lu..., Volvo Group and CEO

  Driving cars Volvo R & D 2019-06-19
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  Lay off 95%! Evergrande Automobile subsidiary faces bankruptcy

  According to foreign media reports, Sweden's Global Electric vehicle Company (NEVS) has announced the launch of a "hibernation program" to reduce all costs, repay supplier debts and avoid bankruptcy liquidation. As part of its efforts to cut costs and avoid bankruptcy, the company plans to cut 320 jobs, or nearly 95 per cent of its workforce. If layoffs are planned,

  Automobiles companies Saab Evergrande Sweden Electric employees National Energy Technology New Energy China Global costs production Enterprises 2023-03-16
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  Volvo's global sales fell 9.7% in January compared with the same period last year.

  Volvo, a second-tier luxury brand, is the first to release the latest global sales figures. According to the data, Volvo sold 45752 new cars worldwide in January 2020, down 9.7% from a year earlier. It means Volvo "lost" in the first month of the new year. Volvo blamed the decline in new car sales on a decline in the European market due to changes in the Swedish tax system, as well as a decline in sales in China. According to Volvo, the new tax system introduced in Sweden since January 2020 has led to a 31.9% drop in Volvo's monthly sales in Sweden.

  Volvo 1 2020-02-05
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  Evergrande new energy vehicles were put into production in Tianjin in June, and the bases in Shanghai and Guangzhou are planned to produce one million vehicles a year.

  Evergrande formally acquired a 51 per cent stake in NEVS, a Swedish electric car company, for $930 million at the beginning of this year and won a majority of board seats. NEVS acquired Sweden's Saab in 2012 and has since dabbled in electric car manufacturing. It now has production plants in Sweden and Tianjin, known as Guoneng New Energy vehicles in China, and Evergrande has also started building cars. Thanks to the acquisition of existing companies, Evergrande new energy vehicles will soon be mass-produced. On March 22, Evergrande Health performance report meeting said that Evergrande has achieved mass production capacity of the Swedish Trollhaitan R & D and manufacturing base, God.

  Automobile New Energy put into production Evergrande Evergrande New Energy vehicle New Energy vehicle 2019-03-23
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  Xu Jiayin car is here, and the first mass production car built by Evergrande is off the line.

  On June 29, the Evergrande New Energy Automobile Group, built by Xu Jiayin, ushered in the first mass-produced car, and Evergrande Guoneng 93 model came off the line at the Tianjin factory. The car is familiar and classic from the inside out because it follows the design of the Saab car that has been out of production for many years, but it is a pure electric model. Evergrande Guoneng 93 is a pure electric model built by NEVS based on Sweden's SAAB Phoenix E platform and Saab technology. It was developed before Evergrande took over, and both Sweden and Tianjin have production bases. In 2012, NEVS bought the core of Sweden's Saab, a 75-year-old European automaker.

  2019-06-29
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  Xu Jiayin is going to build a supercar? Join hands with the new Koenigsegg model to be unveiled in March next year.

  Since the beginning of this year, "Xu Jiayin", the head of Evergrande, has gone to Sweden, the Netherlands, Britain, Germany and other developed countries many times to buy many enterprises in the automobile industry through a series of international mergers and acquisitions and cooperation. According to reports, Evergrande Health will gradually launch a full range of multi-brand automotive products covering mid-range, high-end, high-end and luxury positioning. What's more, Evergrande's new high-end model with Koenigsegg will be unveiled at the Geneva Motor Show in March next year. You know, Koeniger may be slightly inferior to Ferrari, McLaren and other sports car brands in popularity. But Koenigsag, known as the Ghost Roadster, once produced the fastest car in the world.

  Brand new model supercar sports car new car 2019-08-25
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  The last Volvo S60L is officially off the line and will be collected by the Volvo Automobile Museum.

  According to domestic media reports, the last Volvo S60L sedan officially pulled off the production line at the Chengdu factory and will be transported to the Volvo Automobile Museum in Gothenburg, Sweden. Since 2013, the Chengdu factory has produced 162755 S60L cars. It is understood that the car will be shipped to the Volvo Automotive Museum in Gothenburg, Sweden, together with V4 and other classic models to be collected and exhibited. Volvo was acquired by Geely Holdings in 2010 and laid the foundation for its Chengdu factory in June 2011. The S60L is also Volvo's first domestic model in China, with a longer wheelbase than overseas models, on November 5, 2013.

  2019-12-24
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  Volvo's latest battery plan has been revealed with an investment of about 20.8 billion yuan.

  With the rapid development of the global electric vehicle field, more and more car companies have increased their investment in power batteries. Recently, Volvo has exposed its latest battery plan. Swedish carmaker Volvo, which is controlled by Geely, has announced that it and battery maker Northvolt will jointly build a new power battery factory in Gothenburg, Sweden, according to media reports. The new plant will be built in 2023 and is expected to begin operation in 2026, when it will provide 3000 jobs. In addition, when completed, the plant will focus on developing state-of-the-art batteries for the next generation of pure electric Volvo and Polar Star cars.

  Volvo 2022-02-06
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  Weilai online "only rent but not sell", Li Bin: vehicles will eventually become services

  On the evening of October 7, local time, NIO Berlin 2022 was held in Berlin, officially opening services in Germany, the Netherlands, Denmark and Sweden. It should be noted that different from the previous domestic car sales model, Lailai only launched "subscription" in the four European countries.

  Subscriptions models Europe markets users Audi models services litigation cars four countries different countries Germany systems 2022-10-08
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  Volvo is considering building a third car plant in Europe

  According to media reports, a Volvo spokesman recently said that the company plans to build a third plant in Europe between 2025 and 2026 to achieve its target of producing 1.2 million vehicles a year. At present, Volvo has two plants in Europe, in Sweden and Belgium, which produce 800000 vehicles a year, and a Volvo spokesman said he hopes to further expand car production. With the continuous rise of new energy vehicles around the world, many car companies have also advanced the electric layout. According to relevant data, the market share of new energy vehicles in China has exceeded 10%. The Chinese market has been.

  Volvo car 2021-11-15
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  Another car company announced layoffs!

  On May 4th Volvo announced plans to cut about 1300 office workers in Sweden to cut costs and is likely to take further steps in the coming months to improve the cost and efficiency of its global operations. According to the statement, Volvo Personvagnar, Volvo's global operations

  Cars Volvo Volvo growth Electric Global employees production Company Market cost Ford Sweden Business profit 2023-05-05
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  The share price fell 11%! Geely Holdings announces sale of a small stake in Volvo

  On November 17, Zhejiang Geely Holdings Group (hereinafter referred to as "Geely Holdings") issued an announcement to reduce its stake in Volvo cars by 3.3%, and Geely Holdings's stake in Volvo cars fell from 82% to 78.7%. Geely Holdings explained in the announcement that in order to further improve Volvo cars

  Wall Volvo cars Geely models holdings markets sales Sweden brands electric announcements global manufacturing investment 2023-11-18
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  Evergrande New Energy vehicle: plans to recruit 8000 Technical elites globally

  Today, Evergrande launched a global recruitment program to recruit 8000 people from the new energy vehicle industry for its Global Research Institute. Evergrande works in nine countries, including China, Sweden, Germany, the United Kingdom, the Netherlands, Austria, Italy, Japan and South Korea, to support the global development of Evergrande New Energy vehicles. It is understood that Evergrande New Energy vehicle is the "leading industry" of Evergrande Group. At present, it has built a new energy vehicle industry chain covering vehicle manufacturing, motor electric control, power battery, car sales, smart charging, shared travel and other fields.

  Automobile New Energy Global Evergrande Evergrande New Energy vehicle New Energy vehicle 2019-09-09
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  Geely Group sets up 200 million yuan special fund for prevention and control of new pneumonia

  The epidemic situation of COVID-19 is changing every day, affecting the hearts of every Chinese. Today, Geely officially announced that it will work with the Li Shufu Public Welfare Foundation to set up a 200 million yuan special fund for the prevention and control of the new type of pneumonia, which will be used to support the prevention and control of the epidemic in Hubei, Guangdong, Zhejiang, Henan and other areas with serious new types of pneumonia. At the same time, Geely said it would further expand the size of the special fund in due course according to the needs of epidemic prevention and control.

  Geely Group 2020-01-28
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  What's wrong with quality stability? "domestic" Polar Star 2 is recalled again

  The brand "Polestar Polar Star", co-founded by Volvo Automobile Group and Geely holding Group, exposed a lot of problems as soon as it was delivered in mass production. European car owners had trouble stopping when using their vehicles, so they had to call for help. To this end, Polar Motor has announced a round of recalls. A few days later, Polar announced a new round of recalls and discovered a number of hidden troubles. According to foreign media reports, Polestar 2 vehicles began to be delivered to European users at the end of July this year, but many owners reported that Polestar 2 malfunctions caused the vehicles to be unable to drive. In Sweden,.

  Star car Volvo 2020-10-30
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  Geely plans to set up a design center in the UK to improve its design capacity

  Zhejiang Geely Holdings Group plans to set up a design center in the UK, which will employ designers from former Jaguar Land Rover and Aston Martin to expand its five-member team to 100 people within five years. According to reliable intelligence, Geely's UK design center will be located in Coffentry, UK, and its business includes domestic Geely passenger cars, Malaysia's Proton, Britain's Lotus sports car and LinkedIn. It is understood that Wayne Burgess (Wayne Burgess) will be the head of the British Design Centre. Some industry insiders analyzed Geely's move, saying that Geely established the design this time.

  Geely founded designed 2019-02-22