|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||26.00 - 26.00|
|52 Week Range||15.30 - 28.00|
|Beta (5Y Monthly)||1.21|
|PE Ratio (TTM)||17.06|
|Earnings Date||Jul 20, 2021|
|Forward Dividend & Yield||0.70 (2.63%)|
|Ex-Dividend Date||Jun 30, 2021|
|1y Target Est||N/A|
Volvo Cars, owned by China's Geely Holding, will halt production at its Belgian plant in Ghent over next week, it said on Thursday, citing a global shortage of semiconductor chips. The chip shortage has hit automakers globally and stems from a confluence of factors as carmakers compete with the consumer electronics industry for supplies. "We have taken the decision to stop production in Ghent during week 25 as a consequence of the chip shortage," Volvo Cars said in an emailed statement.
Polestar, the premium electric vehicle maker owned by China's Geely and Volvo Cars, will build its Polestar 3 electric SUV at Volvo's U.S. plant in South Carolina starting in the second half of 2022, the brand's chief executive said. The Volvo plant in Ridgeville, South Carolina, near Charleston, currently builds the Volvo S60 sedan and will add the Volvo XC90 SUV in 2022, Polestar said on Wednesday.
Swedish steelmaker SSAB said on Wednesday it had agreed with Volvo Cars to jointly explore the development offossil-free steel for use in the automotive industry. The Swedish carmaker, owned by China's Geely Holding, will be the first car maker to source steel from green steel venture HYBRIT, which is owned by SSAB, Swedish state-owned utility Vattenfall and Swedish miner LKAB. "This steel will be used for testing purposes and may be used in a concept car," SSAB said in a statement.