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The Volvo Research and Educational Foundations (VREF) has awarded doctor Björn Nykvist, Senior Research Fellow and Team Leader in Energy and Industrial Transitions at the Stockholm Environment Institute (SEI), the Håkan Frisinger Prize for Excellence in Transportation Research for 2025. The prize includes an individual award of SEK 300,000 and a period as a guest researcher at Lund University with a grant of 500,000 SEK.

Volvo Group invests further in the green transformation journey by acquiring a state-of-the-art battery cell laboratory from NOVO Energy AB.

The number of votes in AB Volvo has changed due to the conversion of a total of 175,000 Series A shares to a total of 175,000 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.

Lars Stenqvist, member of the Volvo Group Executive Board and Group Chief Technology Officer has decided to step down from his current role after nine years of service and continue in the Group as a senior leader. He will be replaced by Jens Holtinger, currently member of the Executive Board and Executive Vice President Group Trucks Operations.

Volvo Group’s engine plant in Skövde, Sweden, has been awarded up to €49 million from the EU Innovation Fund to support the CarbonSmart Factory project: SPACE. This initiative aims to advance Volvo’s transformation through net-zero innovation and clean technology.

Volvo Construction Equipment (Volvo CE) has signed a contract to sell its ownership in China-based SDLG (Shandong Lingong Construction Machinery Co) to a fund predominantly owned by the Lingong Group (LGG) for SEK 8 billion (6 billion RMB.) The transaction is expected to have a positive effect of SEK 1 billion on operating income at the time of closing, subject to currency fluctuations. Going forward, Volvo CE will be targeting focused customer segments in China and enhance its utilization of the Chinese supplier eco system.