All about Volvo Cars

 E-mobility / Autonomous Vehicles
OEMs Name Model name Launch Supplemental Information
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SWE


Volvo Cars (Geely Group)

C40 Recharge

2021 A compact electric crossover SUV
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SWE


Volvo Cars (Geely Group)

Polestar 1

2020 A 4-seat mid-size plug-in hybrid coupe
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SWE


Volvo Cars (Geely Group)

Polestar 2

2020 A mid-size electric sedan
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SWE


Volvo Cars (Geely Group)

XC40 Recharge

2020 A compact electric crossover SUV
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SWE


Volvo Cars (Geely Group)

XC40 Mild Hybrid

2020 A compact 48V hybrid crossover SUV
 Global manufacturing footprint
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 News
Oct 26, 2021

On October 25, Volvo cars announced that it has fixed listing price at SEK 53 per share and reduced the size of the new issue of common shares of class B in the offering to raise gross proceeds of approximately SEK 20 billion.
In addition, the main owner, Geely Sweden Holdings AB, has resolved not to exercise the upsize option.
The amended offering will result in a free float of 16.0 % to 17.9 %, and will raise sufficient proceeds to fund Volvo Cars’ fastest transformer strategy and achieve its mid-decade ambitions.

(Volvo cars press release)

Oct 22, 2021

On October 21, Electrify America announced an agreement with Polestar to provide drivers of the all-electric Poletsar 2 fastback with no-cost 30-minute charging sessions in the U.S.
Beginning in late October 2021, drivers of 2021 and 2022 Polestar 2 will receive 30-minute complimentary charging sessions over two years on Electrify America’s coast-to-coast network of ultra-fast chargers.
New and existing Polestar 2 drivers will receive the free charging starting two years from vehicle handover on the nation’s largest open ultra-fast DC charging network.
Charging benefits for 2021 and 2022 Polestar 2 owners will be accessed through Electrify America’s industry-leading mobile app.
Highlights include a streamlined account creation process, optimized contactless payment and the ability to locate a charger and track a charging session.
Electrify America recently announced plans to double its current EV charging infrastructure in the U.S., with plans to have more than 1,700 ultra-fast charging stations and 9,500 individual chargers installed by the end of 2025.

(Electrify America press release on October 21, 2021)

Oct 20, 2021

On October 19, Polestar launched new Over-the-Air (OTA) update enhances the performance of Polestar 2, applicable to even the very first cars that were delivered to customers from July 2020.
The new P1.7 update includes a new in-car Range Assistant app that is geared to assist drivers, especially those new to the world of electric vehicles, to improve efficiency and range confidence. Included in the app is a new Eco Climate mode that enhances efficiency by allowing the driver to reduce demand on the battery from the climate system as desired.
Battery preconditioning is configurable in Polestar app, to support optimal temperature in the battery according to the driver’s planned departure timing.

(Polestar press release)