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The transformation that is underway within the transport industry is powered by the rapid technical development of connected, autonomous and electric vehicles. But increased connectivity often results in a heightened risk of cybersecurity attacks. Volvo and Upstream Security are collaborating to create even safer connections.
Press release
11/04/2021
Volvo founding member of First Movers Coalition to drive demand for low carbon tech
Roughly half of the emission reductions needed to reach the 2050 climate goals rely on technologies in early development, demonstration, or prototype phases. Accelerating innovation in this decade is critical to bring these technologies to market and make them cost-competitive. To jumpstart this effort, the World Economic Forum, in partnership with US Special Presidential Envoy for Climate John Kerry, announced the First Movers Coalition - a new platform for companies to make purchasing commitments that create market demand for low carbon technologies. Volvo Group joins the Coalition as founding member.
Press release
11/03/2021
Volvo and Holcim jointly work in a project to use autonomous electric haulers
Volvo Autonomous Solutions and Holcim Switzerland have partnered to jointly test and further develop the use of autonomous electric haulers in a limestone quarry. The two companies are dedicated to seeking infrastructure and transport solutions that are safe, efficient, innovative and sustainable.
The world’s leaders have come together for two weeks in November at the 26th UN Climate Change Conference, COP26. Among the thousands of delegates are four representatives of the Volvo Group.
Paul Anastas, a Yale professor and pioneer in developing non-hazardous chemicals, wins the 2021 Volvo Environment Prize, one of the world’s most respected scientific environmental awards. The research of Paul Anastas "is revolutionizing the chemical industry, a key contribution to meeting the sustainability challenge," says the Prize Jury.
This fully autonomous, battery-electric prototype by Volvo Construction Equipment (Volvo CE) is the first real-world example of a self-learning concept wheel loader with the brains to make decisions, perform tasks, and interact with humans. It is also the first time ever a LEGO® Technic model has been turned into a real machine. While not commercially available, engineers expect that valuable insights from the LX03 will feed into applications for today and tomorrow.
“During Q3 2021, demand for the Volvo Group’s products and services was good in most markets around the world. We increased our net sales to SEK 85.3 billion with strong growth not least in the service business. However, the quarter was affected by shortages of semiconductors, other components and freight capacity resulting in production disturbances and increased costs. Despite this, we delivered an adjusted operating income of SEK 9.4 billion, which corresponds to a margin of 11.0%,” says Martin Lundstedt, President and CEO.
Volvo Group is proud to reveal the world-first vehicle made of fossil-free steel from SSAB. During today’s green steel collaboration event, it was announced that more vehicles will follow in 2022 in what will be a series of concept vehicles and components using fossil-free steel from SSAB.
Press release
10/07/2021
Volvo CE powers a sustainable future with largest range of electric machines
With three new electric compact machines – the L20 Electric, EC18 Electric and ECR18 Electric – now being introduced to the market, Volvo Construction Equipment (Volvo CE) is showcasing its commitment to build the world we want to live in by offering the industry’s largest range of electric machines. In total customers now have five models to choose from.
The Volvo Group report for the third quarter 2021 will be published on October 21, 2021, at 7.20 a.m. CEST. There will be a video conference call for press and analysts starting at 9.00 a.m. CEST.
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