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AB Volvo (publ) (VOLV-A.ST)

292.40

+0.80

(+0.27%)

As of 12:15 PM GMT+2. Market Open.

How Volvo landed a cheap Chinese EV on U.S. shores in a trade war

A made-in-China electric vehicle will hit U.S. dealers this summer offering power and efficiency similar to the Tesla Model Y, the world's best-selling EV, but for about $8,000 less. The EX30 from Volvo Cars, the Swedish luxury brand owned by China's Geely , foreshadows the fierce competitive threat U.S. automakers could face from Chinese EV manufacturers that have surged far ahead of global rivals, especially on affordability. The $35,000 window sticker of Volvo's compact SUV hits a sweet spot in the U.S. market, where most buyers cannot afford most EVs.

Reuters 12 minutes ago

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INSIGHT-How Volvo landed a cheap Chinese EV on U.S. shores in a trade war

A made-in-China electric vehicle will hit U.S. dealers this summer offering power and efficiency similar to the Tesla Model Y, the world's best-selling EV, but for about $8,000 less. The EX30 from Volvo Cars, the Swedish luxury brand owned by China's Geely , foreshadows the fierce competitive threat U.S. automakers could face from Chinese EV manufacturers that have surged far ahead of global rivals, especially on affordability. The $35,000 window sticker of Volvo's compact SUV hits a sweet spot in the U.S. market, where most buyers cannot afford most EVs.

Reuters 18 minutes ago

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Polestar may use US plant to sell cars to Europe as EU-China tension rises

Chinese-backed Swedish electric vehicle (EV) maker Polestar Automotive is preparing to shift production of cars it plans to sell into Europe to its U.S. plant from China in view of rising geopolitical tension, its CEO said. Asked how Polestar is preparing for a European probe into Chinese-made EVs possibly leading to increased tariffs, Thomas Ingenlath said the automaker is exploring the idea of exporting the Polestar 3 made in South Carolina to the European Union. Polestar builds the majority of its cars in the Chinese cities of Chengdu and Taizhou.

Reuters 4 hours ago

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Volvo Cars sees good demand this year after higher Q1 unit sales

STOCKHOLM (Reuters) -Swedish automaker Volvo Cars said on Wednesday it expects good demand for its vehicles this year after a rise in first-quarter unit sales, though operating earnings missed forecasts due to lower revenues and losses at its Polestar business. Operating income (EBIT) for the first quarter fell to 4.7 billion Swedish crowns ($434.78 million) from 5.1 billion a year ago on the back of a decline in sales due to a negative foreign exchange rate and lower contract manufacturing sales, it said. This was below a consensus referenced by JPMorgan, which had expected operating income of 5.93 billion crowns.

Reuters 5 hours ago

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Luminar unveils new compact lidar sensor Halo, tie-up with Applied Intuition

The tie-up will provide solutions for automobile manufacturers to test their assisted driving systems using Applied Intuition's sensor simulator integrated with Luminar's lidar sensor models. Lidar sensor helps self-driving cars and driver-assistance systems gain a three-dimensional map of the road, and is considered a key to achieving full autonomy in vehicles. Luminar's latest lidar sensor, Halo, is smaller than previous generation sensors and will blend into the roofline of a car or behind the windshield, the company said.

Reuters 16 hours ago

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Best Value Stocks to Buy for April 23rd

QUAD, VLVLY and VIST made it to the Zacks Rank #1 (Strong Buy) value stocks list on April 23, 2024.

Zacks 23 hours ago

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^GSPC
Best Income Stocks to Buy for April 23rd

CQP, VLVLY and AL made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 23, 2024.

Zacks yesterday

LNG

VLVLY

AL
FOCUS-Automakers hope for a cut as two-way EV charging becomes real

Automakers from General Motors to Volvo Cars, alongside utilities and charging app operators are calculating their financial cut as EVs that allow their owners to sell power back to grids become a more realistic prospect. Bidirectional, or vehicle-to-grid (V2G), charging lets EV owners charge at overnight off-peak rates then sell power back to grids at a profit during peak hours. For short periods, a million EVs could provide as much power as a large nuclear power plant, says Nick Woolley, CEO of UK software firm ev.energy, which is working on V2G technology with Siemens, Nissan, Volkswagen and others.

Reuters 2 days ago

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Geely to Sell $1.32 Billion of Volvo Truck Shares

(Bloomberg) -- Shares of truckmaker Volvo AB dropped as much as 5.9% in Stockholm on Friday on news that China’s Zhejiang Geely Holding Group had sold the entirety of its Class B shares, worth about 14.1 billion Swedish kronor ($1.3 billion).Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to Have Launched Retaliatory Strike on IranNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to ThemRecord Rainfall in Dubai? Bla

Bloomberg 5 days ago

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Volvo Group - the first quarter 2024

"During Q1 2024, demand continued to normalize at good levels across many of the Volvo Group's markets. Adjusted for currency, net sales were on the same level as in Q1 2023 and amounted to SEK 131.2 billion. Invoiced price continued to increase, mainly on the back of carry-over from the price increases we gradually implemented last year. Adjusted operating income amounted to SEK 18.2 billion (18.6), which corresponds to a margin of 13.8% (14.0). Return on capital employed improved to 37.7% (30.

PR Newswire 7 days ago

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UPDATE 4-Truck maker Volvo's profits drop less than expected as markets normalise

Truck maker Volvo reported a smaller drop in first-quarter profit than expected on Wednesday as demand returns to more normal levels in many markets following a strong 2023. With the sector bracing for a tougher 2024, Volvo in January forecast fewer trucks would be registered this year, with a particular downturn in Europe. Handelsbank analyst Hampus Engellau said that while Volvo's underlying operational performance was better than expected, the first quarter results were "very plain vanilla".

Reuters 7 days ago

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Is Volvo (VLVLY) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Zacks 8 days ago

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Are Auto-Tires-Trucks Stocks Lagging Oshkosh (OSK) This Year?

Here is how Oshkosh (OSK) and AB Volvo (VLVLY) have performed compared to their sector so far this year.

Zacks 8 days ago

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UAW 'extremely disappointed' with Volvo's Mexico plant decision

The union, in a letter published on Thursday, said it is looking into the contractual obligations for truck build rates at the Lehigh Valley Operations (LVO) plant and the potential legal ramifications from Volvo's Mexico decision. Volvo announced the new plant on Thursday and added that it would be investing an additional $80 million for future production at the LVO plant, having invested $73 million over the last five years.

Reuters 11 days ago

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Volvo Group to construct heavy-duty truck plant in Mexico

A new Volvo heavy-duty truck manufacturing plant in Mexico is expected to be operational in 2026. The post Volvo Group to construct heavy-duty truck plant in Mexico appeared first on FreightWaves.

FreightWaves 12 days ago

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Volvo Group to Increase North American Heavy Truck Production Capacity

The Volvo Group today announced that it will build a new heavy-duty truck manufacturing plant in Mexico to supplement the Group's U.S. production. The plant will provide additional capacity to support the growth plans of both Volvo Trucks and Mack Trucks in the U.S. and Canadian markets, and support Mack truck sales in Mexico and Latin America. The plant is expected to be operational in 2026.

PR Newswire 12 days ago

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UPDATE 1-Truck maker Volvo to build new plant in Mexico

Swedish truck maker AB Volvo said on Thursday it would build a new heavy-duty truck manufacturing plant in Mexico to supplement the group's U.S. production. "The plant will provide additional capacity to support the growth plans of both Volvo Trucks and Mack Trucks in the U.S. and Canadian markets, and support Mack truck sales in Mexico and Latin America," it said in a statement.

Reuters 12 days ago

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Truck maker Volvo to build new plant in Mexico

Swedish truck maker AB Volvo said on Thursday it would build a new heavy-duty truck manufacturing plant in Mexico to supplement the group's U.S. production. "The plant will provide additional capacity to support the growth plans of both Volvo Trucks and Mack Trucks in the U.S. and Canadian markets, and support Mack truck sales in Mexico and Latin America," it said in a statement.

Reuters 12 days ago

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All You Need to Know About Volvo (VLVLY) Rating Upgrade to Strong Buy

Volvo (VLVLY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Zacks 12 days ago

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Best Momentum Stocks to Buy for April 11th

MMYT, CNM and VLVLY made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 11, 2024.

Zacks 12 days ago

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Performance Overview

Return	VOLV-A.ST	OMX Stockholm 30 Index
YTD	+13.22%	+6.16%
1-Year	+38.28%	+13.34%
3-Year	+56.30%	+13.61%

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AB Volvo (publ) (VOLV-A.ST)

How Volvo landed a cheap Chinese EV on U.S. shores in a trade war

INSIGHT-How Volvo landed a cheap Chinese EV on U.S. shores in a trade war

Polestar may use US plant to sell cars to Europe as EU-China tension rises

Volvo Cars sees good demand this year after higher Q1 unit sales

Luminar unveils new compact lidar sensor Halo, tie-up with Applied Intuition

Best Value Stocks to Buy for April 23rd

Best Income Stocks to Buy for April 23rd

FOCUS-Automakers hope for a cut as two-way EV charging becomes real

Geely to Sell $1.32 Billion of Volvo Truck Shares

Volvo Group - the first quarter 2024

UPDATE 4-Truck maker Volvo's profits drop less than expected as markets normalise

Is Volvo (VLVLY) Stock Undervalued Right Now?

Are Auto-Tires-Trucks Stocks Lagging Oshkosh (OSK) This Year?

UAW 'extremely disappointed' with Volvo's Mexico plant decision

Volvo Group to construct heavy-duty truck plant in Mexico

Volvo Group to Increase North American Heavy Truck Production Capacity

UPDATE 1-Truck maker Volvo to build new plant in Mexico

Truck maker Volvo to build new plant in Mexico

All You Need to Know About Volvo (VLVLY) Rating Upgrade to Strong Buy

Best Momentum Stocks to Buy for April 11th

Performance Overview