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Press release
08/03/2022
Volvo Group starts process to establish plant for battery production in Sweden
To meet the growing demand for battery electric heavy-duty vehicles and machines, the Volvo Group has initiated the process to establish a large-scale production plant for battery cells in Sweden.
“The Volvo Group continued to perform well in Q2 2022 with strong growth and improved profitability. We increased our net sales by 31% to SEK 118.9 billion with good momentum both in the sales of vehicles and in the service business. The adjusted operating income rose to SEK 13.7 billion (9.7) and we achieved an adjusted operating margin of 11.6% (10.7). Also in this quarter, we have had extra costs related to supply chain disruptions as well as higher costs for material and have continued to work proactively and successfully with price management to mitigate these effects. Our return on capital employed reached 26.8% (23.4),” says Martin Lundstedt, President and CEO.
Press release
07/08/2022
Gothenburg, Sweden / Munich, Germany / Stuttgart, Germany – Today, the Volvo Group, Daimler Truck, and the TRATON GROUP completed the final step in forming the previously announced joint venture for charging infrastructure in Europe. The new joint venture, with Anja van Niersen as appointed CEO, is expected to have a significant role in supporting the European Union’s Green Deal for carbon-neutral freight transportation by 2050.
The Volvo Group report for the second quarter 2022 will be published on Juli 19, 2022, 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
07/05/2022
Volvo Group Venture Capital AB invests in Optibus Ltd, that develops and provides optimization software for public transportation planning and management. The investment highlights the companies’ shared commitment to sustainable bus fleets and more efficient transportation operations.
Neuroscience-based software to detect driver behavior, accident-prevention systems for autonomous driving, smart charging for electric vehicles, and data connectivity and privacy are some of the innovations developed by the 11 startups that are joining MobilityXlab. They will now participate in the program for at least six months to co-create solutions for more efficient, cleaner and safer logistic and transport solutions.
Press release
06/23/2022
Simon Matti awarded with Håkan Frisinger’s Award for Excellence in Transportation
The 2022 scholarship from Håkan Frisinger's Foundation for Transport Research is awarded to Simon Matti, Professor at Luleå University of Technology. The Foundation has also decided to grant SEK 500 000 SEK for the VREF Visiting Researcher Programme 2022 to Chalmers University of Technology.
At the Volvo Group’s Capital Markets Day today June 22, 2022, President and CEO Martin Lundstedt and Group Management outlined the major business opportunities in the ongoing technology shift that is expected to accelerate the Group’s sales growth.
Imagine a truck that only emits water vapor, produces its own electricity onboard and has a range of up to 1 000 km. It’s possible with fuel cells powered by hydrogen, and Volvo Trucks has started to test vehicles using this new technology.
Volvo Energy invests in the UK-based, second-life battery energy storage specialist Connected Energy in order to further accelerate Volvo Group’s battery business and sustainability opportunities.
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