On June 12, HCLTech, a leading global technology company, announced that Volvo Cars has chosen HCLTech as one of its strategic suppliers for engineering services. Drawing on an established relationship in digital and PLM services, this agreement significantly expands HCLTech’s role to cover the delivery of end-to-end

On June 12, Volvo Cars signed a new agreement with SSAB for the supply of high-quality, recycled, and near-zero-emission steel starting in 2025. Volvo Cars is the first car maker to sign a supply agreement with SSAB for recycled, near-zero-emission steel for serial production deliveries.
The recycled steel will be us

On June 5, Attero, an India-based lithium-ion battery recycling company, announced a partnership with Volvo Cars India.
The partnership will focus on recycling electric vehicle (EV) batteries and building a closed-loop supply chain in India using Attero’s proprietary technology. The technology can recover over 98% o

On June 5, Volvo Cars unveiled the world’s first multi-adaptive safety belt to improve safety and protection for all passengers in real-world traffic situations.
The new safety belt, debuting in the fully electric Volvo EX60 in 2026, uses real-time data from the car’s sensors to adapt to both traffic conditions and

On June 2, Volvo Cars CEO Hakan Samuelsson spoke about the company’s plant in Ridgeville, South Carolina, and production plans going forward amid tariffs on imported cars.
“We want to bring in something rather fast, and something selling in good numbers, so something midsize core is a good guess,” Samuelsson said, gi

Announced on May 30, 2025, Volvo and De La Salle University (DLSU) have formalized a partnership to promote road safety and drive mobility innovation in the Philippines, marked by the launch of the Volvo Safety Labs. This initiative aims to develop safe mobility solutions for future generations.
The agreement was sig

On June 2, Volvo Car USA announced details for the company’s 2026 lineup of hybrid vehicles in the U.S., including the introduction of two major tech upgrades and updates to one of its best-selling SUVs.  
For the 2026 model year, every new Volvo car will come equipped with its next-generation user experience, Volvo

On May 29, Volvo spokesman Russell Datz confirmed that the company halted production at its U.S. assembly plant in Ridgeville, South Carolina because of a parts shortage. He did not disclose the affected part or say when output at the underutilized factory might resume.
“We are working to resume production as quickly

On May 26, Volvo Cars announced global redundancies as part of its cost and cash action plan. The initiative aims to strengthen the company's resilience due to current automotive market challenges.
The SEK 18 billion action plan includes the creation of an efficient organisation with a structurally lower cost base,

On May 23, Volvo Cars CEO Hakan Samuelsson said that its customers would have to pay a large part of tariff-related cost increases, and that it could become impossible to import one of its most affordable cars to the U.S. if levies increase.
U.S. President Trump said on May 23 that he was recommending a straight 50%

On May 22, Business Region Göteborg announced that the PEPP (Public EV Power Pilots) project, which explores the use of parked electric vehicles to share energy with the grid, has completed the trials with test cars at Volvo Cars in Gothenburg, Sweden and now moving into its next phase. The project is funded by the S

On May 21, Volvo Cars expanded partnership with Google to deliver the latest Android Automotive OS features more quickly to Volvo models with Google built in. This includes Google Gemini.
With the launch of Google Gemini in cars, Volvo drivers with Google built-in will be among the first to use this new AI technology

On May 16, multiple sources reported that Renault Algeria's factory still has not been approved to restart in Oued Tlelat, Oran. It has been shut since 2020 and is still waiting for approval to restart. The government has not given the green light yet.
In March 2025, the Ministry of Industry's technical committee den

On May 13, Syensqo announced that it has been selected by Volvo Cars for their new 800V BEV platform.
In the partnership, Syensqo will be delivering its Ajedium PEEK slot liner solutions and KetaSpire PEEK magnet wire coating to boost emotor performance, efficiency, and durability.
Based on Syensqo social media upda

On May 7, Volvo Cars said it will make production changes and cut 5% of the workforce at its U.S. plant due to changing market conditions and evolving trade policies, including tariffs.
A Volvo spokesperson said the changes would affect 125 of the 2,500 employees at its plant in Ridgeville, South Carolina. It was not

On May 7, Volvo Cars unveiled the all-new XC70 model which is Volvo's first extended-range plug-in hybrid midsize SUV, offering up to 200 km of electric-only driving — the longest for any Volvo hybrid so far.
It’s built on Volvo’s new SMA (Scalable Modular Architecture) platform, designed for premium plug-in hybrids.

On May 5, NOVO Energy announced that it is implementing cost reduction measures and restructuring its organization to scale down operations. These steps follow an extensive evaluation of its business, following the bankruptcy of its technology partner, Northvolt.
The actions will lead to a 50% reduction in NOVO Energ

On April 30, Polestar announced that it expects improved gross margins through 2025, driven by strong progress in transforming its commercial operations and a positive shift toward higher-margin models. The company also stated that it is continuing to implement cost-saving measures across the organization.
The compan

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