Press releases

Volvo Group announces next step in the Mariestad expansion process with plans for an energy park near the intended battery cell production site. The energy park will be developed along two parallel tracks: a large-scale battery storage facility and a future test bed for innovative energy solutions. Initially, the park is expected to provide approximately 70 MW/260 MWh of battery storage capacity, making it one of the largest energy parks in Sweden. The battery storage facility will support grid stability in the region, while the future test bed will enable the development and testing of new energy solutions. Together, the two tracks will contribute to the transition towards a more sustainable and resilient energy system.

• Press release – Volvo Group announces energy park initiative as next step in Mariestad (PDF, 600 KB)

Volvo Group · For the first time in Europe, Germany is bringing together the full ecosystem needed to scale the deployment of hydrogen trucks by 2030, combining supportive policy frameworks, a strong OEM offering and an integrated hydrogen supply chain and infrastructure. · Volvo Group, Daimler Truck, Toyota Motor Corporation, Bosch, Air Liquide, TotalEnergies, TEAL Mobility, MB Energy, and more companies accelerate the commercialization of hydrogen-powered mobility and build the ecosystem needed to scale it along the whole value chain, with vehicles, infrastructure and supply. · The activities include the deployment of hydrogen refueling stations along  key strategic corridors in Europe, in synchronization with the hydrogen-powered truck fleets as well as a competitive hydrogen price. This will enable customers to operate hydrogen-powered vehicles with a competitive total cost of ownership.  · Full details will be unveiled at a CEO-led press event during IAA Transportation in Hanover on 15 September.

• Press release – Industry leaders to join forces to scale hydrogen mobility (PDF, 568 KB)

The number of votes in AB Volvo has changed due to the conversion of a total of 195 Series A shares to a total of 195 Series B shares. The conversions were implemented with the support of the opportunity for Series A shareholders to request conversion of Series A shares to Series B shares which was entered in the Articles of Association at the 2011 Annual General Meeting.

• Press release - New number of votes in AB Volvo (PDF, 425 KB)

The Volvo Group, Daimler Truck AG, cellcentric and Toyota Motor Corporation have signed a binding agreement for Toyota to join as an equal partner and shareholder in cellcentric, with each owner to hold a third each. The agreement follows the previous non-binding agreement signed at the end of March this year. Completion of the transaction is conditional upon obtaining regulatory approvals. Through the collaboration, the parties intend to strengthen cellcentric’s position as a leading developer and manufacturer of fuel cell systems for heavy-duty commercial applications.

• Press release - Toyota Motor Corporation, Volvo Group and Daimler Truck have signed binding agreement for Toyota to join cellcentric as equal shareholder (PDF, 586 KB)

“The second quarter of 2026 demonstrates the strength and adaptability of the Volvo Group. We delivered net sales of SEK 126.3 billion, with an organic sales growth of 7%. This improvement was broad-based with vehicle sales growing 6% and service sales 7% organically – reflecting both the quality of our product offering and the continued high utilization of our customers' fleets across most markets. Profitability reached its highest level in recent quarters. Adjusted operating income rose to SEK 14.8 billion (13.5), with an adjusted operating margin of 11.7%, up from 11.0% in Q2 2025, progress that demonstrates our capacity to achieve good earnings through the business cycle,” says Martin Lundstedt, President and CEO.

• Volvo Group – the second quarter 2026 (PDF, 3 MB)
• Press release - Volvo Group - the second quarter 2026 (PDF, 599 KB)

The Volvo Group report for the second quarter 2026 will be published on July 17, at 7.20 a.m. CEST. There will be a conference call for press and analysts starting at 9.00 a.m. CEST.

• Press release – Invitation to the Volvo Group report on the second quarter 2026 (PDF, 420 KB)

The number of votes in AB Volvo has changed due to the conversion of a total of 151 Series A shares to a total of 151 Series B shares. The conversions were implemented with the support of the opportunity for Series A shareholders to request conversion of Series A shares to Series B shares which was entered in the Articles of Association at the 2011 Annual General Meeting.

• Press release – New number of votes in AB Volvo (PDF, 437 KB)

The previously announced agreement between Volvo Group, Renault Group and CMA-CGM to make a strategic change to the business model of Flexis has received the needed regulatory approvals. The agreement is hence closed. 

• Press release – Volvo Group, Renault Group and CMA-CGM has completed agreement on strategic change for Flexis (PDF, 477 KB)

At the Volvo Group’s Capital Markets Day at Volvo Construction Equipment’s Customer Center in Eskilstuna, Sweden on June 10, 2026, President and CEO Martin Lundstedt, together with Group Management, presents the strategy aimed at strengthening earnings resilience, accelerating growth and driving total shareholder return.

• Press release – Volvo Group Capital Markets Day – Built for Resilience and Growth (PDF, 608 KB)

Volvo Financial Services (VFS) and Eicher Motors Limited today announced the intent to form a 50-50 joint venture to provide financing, leasing and other financial services for customers of Volvo and Eicher-branded commercial vehicles within the Indian market. Pending regulatory approval, the JV will be created by VFS India issuing new shares to Eicher in exchange for an equity investment of up to Rs 750 crores or approximately 730 MSEK. The exact investment will be determined at the time of closing per the transaction documents. The impact on earnings at the closing of the transaction will not be significant and will not have any cash flow effect on the Volvo Group.

• Press release – Volvo Financial Services and Eicher Motors Limited announce joint venture for financial services in India (PDF, 622 KB)