On August 1, PHINIA Inc. completed the acquisition of Swedish Electromagnet Invest AB (SEM), a provider of advanced natural gas, hydrogen and other alternative fuel ignition systems, injector stators and linear position sensors for on- and off-highway commercial vehicle and industrial markets. This acquisition suppor

On July 29, Isuzu Motor announced that Isuzu and Volvo Group have signed new strategic agreement that will support the joint development by Isuzu and UD Trucks of a common platform for medium heavy-duty truck models for the Japanese- and other Asian markets, utilizing Volvo Group technology.
This new agreement includ

On July 28, leading global lithium-sulfur battery manufacturer Lyten announced it has secured more than USD 200 million in additional equity investment, bringing total investment to date in Lyten to more than USD 625 million, as it works to accelerate its acquisition strategy and expansion plans in both the U.S. and

On July 24, Johnson Matthey (JM) announced that it will open its first hydrogen internal combustion engine (H2ICE) testing facility at its current Gothenburg site.  The test area is set to be operational in autumn 2025.  It will test the performance of catalysts within the wider engine aftertreatment and control syst

On July 17, Volvo Cars announced that its SEK 18 billion cost and cash turnaround plan is fully on track and the company is confident about more positive effects from the programme.
The reduction of 3,000 jobs worldwide is going into execution, and around 1,100 employees have already left the company. This will help

On July 14, Volvo Cars announced that it will record a one-off non-cash impairment charge of SEK 11.4 billion in the second quarter of 2025. The charge stems from revised financial assumptions related to the EX90 and ES90 platforms, following past launch delays and newly imposed import tariffs in several key markets.

On July 11, Tobii secured homologation for its single-camera interior sensing platform in collaboration with a premium European automotive OEM.
Tobii Autosense has integrated the platform into a premium European OEM’s vehicle program. The program is set to run for four years, with production starting in the second ha

On July 10, Volvo Cars announced the carbon footprint of its new fully electric ES90. The vehicle is designed with a strong focus on sustainability.
According to Volvo’s Life Cycle Assessment (LCA) report, the ES90 has a carbon footprint of 31 tonnes when charged with a European energy mix, which drops to 26 tonnes

On July 4, Qt Group Plc's wholly owned subsidiary, The Qt Company Ltd, announced a recommended public cash offer to the shareholders of class B shares in I.A.R. Systems Group AB. The offer price is SEK 180 for each IAR Share, valuing IAR at approximately SEK 2,293 million or approximately EUR 204 million, based on ou

On July 7, Gapwaves announced follow-up orders from Hella for further development of waveguide antennas for Hella's new generation of radar sensors, intended for advanced driver assistance systems (ADAS). The total order value amounts to approximately SEK 3.6 million and is expected to be delivered during the second

On June 27, Terranet announced that it is launching the BlincVision anti-collision system as an MVP (Minimum Viable Product). Selected customers can now book BlincVision for evaluation. During the fall, potential customers in various industries can evaluate the technology in practice and see how it can create value,

On July 2, Morrow Technologies AS (Morrow), a wholly owned subsidiary of Morrow Batteries ASA, signed a strategic agreement with SEEL Swedish Electric Transport Laboratory AB, a European test centre for research and development of electromobility, to advance the development of lithium-nickel-manganese-oxide (LNMO) ba

On July 1, NOVO Energy AB announced that it has reached an agreement under which Volvo Group has acquired its subsidiary, NOVO  R&D AB.
With the completion of the transaction, all NOVO R&D employees have been transferred to Volvo Group. The lab and its staff will continue to operate from their current facility in Eri

On July 1, Traton Group announced that it has launched its new Group R&D unit, bringing together about 9,000 R&D employees from Scania, MAN, International, and VW Truck & Bus. This unit is led by Niklas Klingenberg, the Traton Executive Board member responsible for R&D in the Traton Group.
These 9,000 employees will

On June 30, Flexis, a joint venture by Renault Group, Volvo Group, and CMA CGM, announced it is moving closer to producing its first electric LCVs by 2026, starting with the launch of its official emblem and visual identity. The emblem symbolizes Flexis’ mission to create smart, clean, and efficient urban logistics t

On June 30, AFRY, an engineering, design, digital and advisory services provider, entered into a framework agreement with Volvo Cars as a strategic supplier in engineering. The agreement spans until 2026 and outlines AFRY’s role in delivering product development across all areas of Volvo Cars’ operations.
Under the a

On June 26, SSAB entered into an agreement with Polmotors, a Tier automotive 1 supplier, for the future supplies of fossil-free steel for their structural automotive components and assemblies.
The collaboration aims to explore the potential of fossil-free materials in tough automotive applications by combining SSAB’s

On June 25, MobilityXlab announced the selection of seven new startups to join its renowned startup-industry collaboration program. Dessia Technologies (France), Discernity (Sweden), EYE2Drive (Italy), Easyrain (Italy), Deontic (Belgium), Digitraffic (Sweden), and BeyondMath (UK) will join the program. They will now

On June 25, Greater Than, the global provider of risk intelligence into road safety and climate impact, announced a new research and development partnership with Honda. The R&D initiative will analyze large-scale anonymized driving data to identify areas with high crash risk. By applying Greater Than’s AI technology

On June 18, Salzgitter Group and Volvo Cars announced that they are expanding their partnership. In 2026, significant amounts of steel scrap from the Volvo Cars’ body parts plant in Olofström in southern Sweden will be sold to the Salzgitter AG steelworks. Salzgitter Group will feed it back into the production proces