On April 29, Volvo Cars announced that it has launched an accelerated cost and cash action plan totaling SEK 18 billion, to protect profitability and drive structural efficiencies across both direct and indirect costs.
The plan includes SEK 3 billion in variable cost savings and SEK 5 billion in indirect spending eff

On April 25, Volvo Cars started the production of the fully electric EX30 small SUV at its Ghent manufacturing plant in Belgium. The company will also begin production of the EX30 Cross Country variant at the same facility later this year.
The EX30 production in Ghent will create around 350 new jobs, bringing the pla

On April 17, Volvo Cars revealed the new Volvo S90, featuring a more elegant design and a range of advanced technology and design updates. The vehicle will be available to order for customers in China from summer 2025, with selected other markets following later.
The new S90, as a plug-in hybrid, offers 80 kilometers

On April 11, Volvo Cars CEO Hakan Samuelsson told local Swedish media that the company will need up to two years to expand its U.S. car production to avoid hefty import tariffs. Samuelsson was responding to a previous statement that Volvo Cars was working towards increasing production at its plant in Ridgeville, Sout

On April 3, newly reinstated Volvo Car CEO Hakan Samuelsson said that his company will have to increase the number of cars it builds at its plant in Ridgeville, South Carolina, including the addition of another model, after U.S. President Trump raised tariffs on imported automobiles.
Volvo already builds EX90 and Pol

On March 26, Altris, a Swedish sodium-ion battery developer, announced that Volvo Cars Tech Fund, the venture capital arm of Volvo Cars, has invested in its B1 funding round.
In connection with this investment, Altris has also entered into an agreement with Volvo Cars to collaborate on product development to identif

On March 18, Ansys announced a significant breakthrough in aerodynamics simulations in collaboration with Volvo Cars and NVIDIA. Using the combination of eight NVIDIA Blackwell GPUs for the solver and CPU cores for meshing, the companies reduced the total simulation run time from 24 hours to 6.5.
To improve the energ

On March 19, Volvo Cars announced its use of AI-generated virtual worlds to advance the development of its safety software, including ADAS. By synthesizing incident data from sensors in its vehicles, it creates realistic 3D scenes using a computational technique called Gaussian splatting.
Gaussian Splatting can creat

On March 17, Ericsson, Volvo Group, and Bharti Airtel announced a research partnership to explore the potential of extended reality (XR), digital twin technologies, and artificial intelligence (AI) in the manufacturing sector. The collaboration will leverage 5G and 5G advanced to transform industrial operations, enha

On March 12, Volvo Car AB released its 2024 Annual and Sustainability Report, available on its Investors website, announcing key financial results, strategic priorities, and sustainability efforts, prepared in accordance with Global Reporting Initiative (GRI) standards.
Volvo Cars achieved record-breaking performance

On March 10, Smart Eye AB announced that it is supplying its advanced Driver Monitoring System (DMS) for Volvo Cars recently launched all-electric ES90.
The DMS system, featuring dual infrared cameras, continuously tracks eye movement, head position, and signs of drowsiness to help ensure drivers remain alert and at

On March 5, Acconeer announced that it has provided cutting-edge radar technology for Volvo ES90. Acconeer’s sensors enable full-cabin occupant sensing. The radar can accurately detect micro-motions down to the subtle rise and fall of a baby’s breath. Beyond the cabin, Acconeer’s radar sensor enhances convenience wit

On March 6, Volvo Cars launched the all-new Volvo wallbox, the first-ever Volvo-branded wallbox across Europe.
The Volvo wallbox is a connected wallbox for home, which easily connects with Volvo Cars app for secure and easy charging. It supports 1 and 3-phase AC charging and features bidirectional charging capabiliti

Volvo may expand output at its U.S. plant if U.S. President Donald Trump carries out his threat to significantly increase tariffs on European auto imports.
Volvo CEO Jim Rowan expects the 2.5% tariff imposed by the U.S. on European imports to be increased, as U.S. auto exports to the EU must pay a 10% tariff. “The qu

On March 5, Luminar announced that its technology will be equipped in the new Volvo ES90, which is slated for production later in 2025. This marks the second Volvo car model to feature Luminar’s technology, following the successful launch of the automaker’s flagship SUV, the Volvo EX90, which is now being delivered t

On March 4, Volvo Car India unveiled the new XC90 B5 Ultra SUVs, priced at INR 10.29 million. It gets a 1,969-cc gasoline mild-hybrid engine with a max output of 250 bhp and max torque of 360 nm mated with an automatic 8-speed AWD
Utilizing the radar and front camera, the new XC90 can detect unintentional lane drifts

On March 4, Sensrad AB and Zenseact AB announced that they are jointly exploring the potential of a 4D high resolution imaging radar for automated driving. Sensrad brings its vast experience and knowledge from more than five years of development and delivery of radar modules and related software to customers globally

On March 5, Volvo Cars unveiled the all-new electric Volvo ES90. The vehicle is available for order in selected market in Europe, with other markets to be added later in 2025 and into 2026.
The vehicle is built on our SPA2 architecture and is based on the Volvo Cars Superset tech stack, which features a single set of

On March 3, CHROPYNSKA Group partnered with Volvo Cars to launch the Volvo GPA VCK Battery Plant Battery Tray V326 project at Volvo Cars’ Košice Valaliky plant in Slovakia.
The partnership ensures a smooth production line launch, meeting the high standards of both companies in innovation, safety, and sustainability.

On March 4, Volvo Cars reported global sales of 50,662, an increase of 1% compared to the same period of 2024.
The sales of fully electric and plug-in hybrid models represent 43% of the total, however, it decreased 3% compared to February 2024. The BEV constituted 18% of all the cars sold, while PHEVs represent 43%.