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Volvo Cars, Košice Plant (tentative name）[Slovakia]

Volvo Cars, Košice Plant (tentative name） Volvo Cars: Electric passenger cars (Advanced version of SPA2 platform, 2027-planning) Polestar 7 (2028-Planning); Volvo Cars' electric passenger car assembly plant. Scheduled to begin mass production in 2027. - Serial production of next-generation, pure electric cars is scheduled to start in 2027. - The facility is designed to produce up to 250,000 cars per year. (2027-planning) - Initial investment ...

OEM Plants Updated at: 2025/08/12

GlobalData blog: The changing landscape of European bodystyles

Hatchbacks such as the A-class and A1 are expected to be discontinued and the loss of these volume models will put downward pressure on the bodystyle’s market share. However, several automakers are streamlining their production efforts to focus on more profitable models as a result. For example, Volvo is continuing to add a range of electric SUVs to its line-up. The EX30 and EX90 were introduced in 2023 and 2024, respectively, while production...

News Updated at: 2025/07/29

Volvo Cars provides update on cost and cash turnaround plan

Volvo Cars provides update on cost and cash turnaround plan 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 reduce expenses and create a leaner, more efficient organization. Volvo ...

News Updated at: 2025/07/18

Volvo Cars announces SEK 11.4 billion impairment charge due to tariffs and EV launch delays

Volvo Cars announces SEK 11.4 billion impairment charge due to tariffs and EV launch delays 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. Despite a major software upgrade and a ...

News Updated at: 2025/07/15

Volvo Cars partners with Polestar to jointly develop Polestar 7 at Kosice Plant in Slovakia

Volvo Cars partners with Polestar to jointly develop Polestar 7 at Kosice Plant in Slovakia On July 3, Volvo Cars and Polestar signed a memorandum of understanding (MoU) to jointly develop and produce Polestar’s upcoming premium compact SUV, Polestar 7, at Volvo’s new manufacturing facility in Kosice, Slovakia. The Polestar 7 is expected to launch in 2028. If final agreements are reached, it will be the second model produced at the Kosice pla...

News Updated at: 2025/07/03

Volvo Cars signs recycled steel deal with SSAB, Sweden

Volvo Cars signs recycled steel deal with SSAB, Sweden 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 used in selected components of the forthcoming electric EX60 SUV, as well as ot...

News Updated at: 2025/06/12

Volvo Cars unveils world’s first multi-adaptive safety belt, Debuting in EX60 SUV

Volvo Cars unveils world’s first multi-adaptive safety belt, Debuting in EX60 SUV 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 the person wearing it, offering better prote...

News Updated at: 2025/06/05

Volvo Cars to build all upcoming electric cars on unified technology platform

Volvo Cars to build all upcoming electric cars on unified technology platform On September 5, Volvo Cars announced a new, game-changing approach to technology, channeling all engineering efforts into one direction to define its future. Starting with the EX90, its future electric cars will be based on the same fundamental core of systems, modules, software, and hardware, called the Volvo Cars Superset tech stack. It can be configured in many ways....

News Updated at: 2024/09/05