Volvo Cars and Polestar plan to consolidate the production of Polestar 3 cars at Volvo Cars’ US-based car plant in Ridgeville outside Charleston in South Carolina. The Polestar 3 is currently also produced in Chengdu, China.
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At the Annual General Meeting (the “AGM”) of Volvo Car AB (publ) on 31 March 2026, the following was resolved. All the proposals of the Board of Directors and Nomination Committee were approved by Volvo Cars’ shareholders.
Volvo Cars and Polestar plan to consolidate the production of Polestar 3 cars at Volvo Cars’ US-based car plant in Ridgeville outside Charleston in South Carolina. The Polestar 3 is currently also produced in Chengdu, China.
Volvo Cars will convert part of its outstanding convertible loan to Polestar (Nasdaq: PSNY) into equity. The conversion price is based on a 5 per cent discount to the 30-day volume-weighted average price (VWAP) in Polestar shares.
Volvo Cars and Geely Auto have signed a memorandum of understanding (MoU), for a new commercial partnership with Lynk & Co in Europe, subject to final agreements.
Volvo Cars today published its updated 2026 Green Financing Framework, to support its ambitious sustainability and electrification strategy. The updated framework received the highest possible rating, "Dark Green" shading, from S&P Global Ratings, demonstrating the group’s continued progress in electrification and emission reduction.
Volvo Cars has achieved the highest possible ranking on carmakers’ software defined capabilities by S&P Global Mobility . It is the only legacy carmaker globally to reach Level 5 SDV (software-defined vehicle) capability.
Volvo Car AB (publ.) publishes its Annual and Sustainability Report for 2025 on the Investors website.
Volvo Cars reported global sales of 156,965 cars for the three-month period between December 2025 and February 2026, down by 10 per cent compared to the same period between December 2024 and February 2025.
Volvo Cars is increasing 2026 production volumes for its fully electric EX60 SUV, on the back of strong customer demand for the car in its home market of Sweden and other key markets such as Germany.