On a crisp Friday morning, Stockholm’s Waterfront was alive with the sound of excited voices. 2,500 attendees stood in a queue that wrapped around the block and doubled back on itself. 

Before we get carried away with the excitement, it’s important to give the conference some context. Far from a fluffy “girl power” event, the <a href="https://womenintech.se/">annual conference</a> is held to encourage women to get into tech roles and stay there, because the industry is in dire need.
Let’s look at some numbers. A report by the Swedish IT and Telecom Industries says that due to our society’s increasing reliance on IT competencies, they predict a need for an extra 70,000 people in the IT space by 2024. According to the American Enterprise Institute, only 24 per cent of computing jobs are held by women. More than 20 per cent of women over the age of 35 are still in junior positions, according to HackerRank.
While this sadly isn’t news to Volvo Cars, we are on the case.
“Knowing the tech talent deficit and the male dominance in the tech sector, it’s obvious that we need more women in this field,” says Linda Wall, who works in talent acquisition and was one of the organisers for Volvo Cars at the Sweden-based, internationally-focused Women In Tech (WIT) event, where we are a key partner.
“Women in Tech allows us to both position ourselves among other tech companies, and directly engage with a talent pool that is highly important to us.”
And engage we did. Our Volvo Cars booth was flooded with visitors, who chatted to our enthusiastic ambassadors, checked out the tech behind our infotainment systems, and had a look at our cars rendered in <a href="https://varjo.com/blog/showcasing-the-worlds-first-true-to-life-mixed-reality-demo-by-varjo-and-volvo/">Mixed Reality</a> with Varjo’s XR3 headset. Women of all ages and stages in their career were delighted to learn that Volvo Cars is pushing the envelope in both hardware and software spaces, and many were set to apply to work in <a href="https://www.volvocars.com/intl/news/corporate/We-re-opening-a-new-700-job-tech-hub-in-Stockholm/?navFromLatest=true">our brand-new IT-focused Stockholm office</a> which is opening later this year.

Midway through the day, our representatives took to the stage for a panel discussion about how we are leveling up in the tech space, leadership and in not only encouraging women to start careers in technology, but removing barriers to them moving up in their careers.
Malin Ekholm, head of our safety centre; Sanela Ibrovic, head of connected experience; and Anne-Mette Nygaard Lindblad, who heads up global consumer offers, shared how they combine cutting-edge tech with a people-first approach to change the way we own, drive and enjoy cars.
“It really was more of a conversation on stage,” said Malin. “And this conversational style of dialogue really conveys the essence of working at Volvo Cars. It’s about collaboration, bouncing ideas off each other and building on each other’s ideas.”
The talk really resonated with the attendees, who got stuck in with questions during the discussion, and headed to our stand after the talk to keep the conversation going.
“The feedback and questions I got from people at WIT after the stage was sending lots of energy and curiosity about the brand and what we do,” continued Malin. “This was my personal hope and goal of participating. I think it’s very important for us to stay in tune, and WIT is a very strong platform for us to do so.”
Close to 60 Volvo Cars employees attended the event, and just as many were involved in making sure our presence was a success.

On a crisp Friday morning, Stockholm’s Waterfront was alive with the sound of excited voices. 2,500 attendees stood in a queue that wrapped around the block and doubled back on itself. The wait would be worth it: Women in Tech 2022 was about to begin.

Volvo Cars’ Women in Tech are leveling up

A new Volvo Cars app with many charging and payment services in one place, investments in charging points and preferential pricing deals. We continue to make electric cars more popular!

For over a century, drivers around the globe have gotten used to simply driving into a gas station, checking the going rate for their fuel of choice, filling up their tank and continuing their journey.
We think charging your electric car should be just as easy, because that ease-of-mind is crucial if we want everyone to make the switch. So, we’re rolling out some initiatives that should help ease the transition to an all-electric future.
First of all, as much as is practically possible, we aim to get rid of all those different charging apps, RFID cards and payment systems. Instead, our Volvo Cars app will become a one-stop shop for a wide variety of charging-related services. You’ll be able to find charging stations, get live updates on availability and pay for your charge through one, easy-to-use interface. Charging a pure electric Volvo was never easier.
Depending on regions, we have collaborations with a variety of leading charging operators all around the world, including Plugsurfing, TELD, ChargePoint and Electrify America. Together they amount to hundreds of thousands charging stations around the globe, most of which will be accessible through the Volvo Cars app. Each region also incorporates the dominant payment systems, so in China for example, we make sure to integrate WeChat Pay and Alipay.
“Many of us are familiar with the frustration of having to navigate multiple apps and carrying multiple cards for different charging operators,” says Olivier Loedel, our head of electrification ecosystem development. “Our goal was to make life easier for our customers and remove one of the major barriers for customers to switch to an electric car. With the Volvo Cars app, we will create one digital charging platform.”
We also aim to boost electrification by focusing on infrastructure and public charging. That’s why we’re making public charging investments in areas of strategic importance. For example, around Europe we work together with local partners to build public charging points. These are located at our retailers and along commuter roads, in countries as varied as Spain, Poland, Italy and Belgium.

Another example is our recently announced <a href="https://www.volvocars.com/intl/news/electrification/From-Starbucks-to-the-Home-Garage-Volvo-Designs-new-spaces-for-an-electric-future/?navFromLatest=false">partnership with Starbucks in the US</a>. On a 1,350-mile stretch between Denver and Seattle, where Starbucks has its headquarters, we’ll install dozens of Volvo-branded, ChargePoint-powered DC fast chargers at Starbucks locations. Drivers will find a charging location at about every 100 miles, well within the battery range of our pure electric models.
Finally, in a variety of countries and markets we have preferential pricing agreements for our customers. For example, through charging operator Plugsurfing electric Volvo drivers benefit from special rates for the first 12 months when charging at IONITY stations around Europe. In Sweden and Norway, we’ve teamed up with charging operator MER to offer preferential rates in those countries, and we have similar offers and collaborations in the US and China.
In other words, all of the above is another way of looking at our much-repeated mantra that “electrifying our cars is not enough”. Making sure that charging your car is as easy as filling up the tank is just as important – if we want to fill the roads with pure electric Volvos and say goodbye to gasoline and diesel once and for all, that is.

Charging a Recharge Volvo was never easier

Whether it’s the spring allergies or high air pollution that you struggle with, our cutting-edge air purification technology aims to make your life easier.

Every year, hundreds of millions of people around the world feel the sting from physical reactions to increased pollen and air pollution levels.
With this in mind, we’re offering excellent air quality in our cars thanks to our air purification technology. This will provide Volvo owners and their passengers a healthier driving experience.
Our Advanced Air Cleaner, part of the latest air purification technology available on new 90 and 60 series models has been CERTIFIED asthma &amp; allergy friendly, removing up to 99.9 per cent of grass, tree and weed pollen allergens from incoming air.
The certification was provided by Allergy Standards Limited (ASL), an independent certification programme that helps consumers identify products that are suitable for people with asthma and allergies.
“By helping our customers to optimise the air quality inside their Volvo, we want to help reduce the adverse health effects associated with air pollution, allergens and fine particulates,” said Dr. Maria Bernander, occupant health effects expert at Volvo Cars. “In addition to personal health benefits, cleaner air can also help boost attentiveness during driving.”
What’s more, our customers driving the latest Volvo cars will have access to live data that shows actual outdoor pollen and air quality levels in the car’s centre display. They will then have the option to purify the air in the cabin before they start their journey. This in-house developed app makes Volvo Cars the first car maker to provide live data of outdoor pollen levels to drivers.
“By regularly testing and evolving the air purification features in our cars, we can stand out from our competitors as a manufacturer that offers a more comfortable and healthier driving experience.” said Anders Löfvendahl, cabin air quality technical expert and function owner.

Indicating the amount of fine particulate matters in the air, PM 2.5 levels are a widely used measure for air quality. Globally, many urban areas suffer from PM 2.5 levels that exceed recommended thresholds set by the World Health Organisation, underlining the need to minimise their impact.
The air purification technology also comes with a sensor that measures PM 2.5 levels inside the cabin and allows our customers to compare those to outside levels. PM 2.5 are tiny particles in the air that reduce visibility and cause the air to appear hazy when levels are elevated.
Thanks to a synthetic fibre-based filter and ionisation in the Advanced Air Purifier, up to 95 per cent of all PM 2.5 particles are kept out of the cabin.
Additionally, the air purification technology can remove more than 97 per cent of airborne viruses that try to enter the cabin via the air filter and reduce existing viral rates already existing in the cabin by up to 95%. Results from recent tests performed by the independent Austrian research and testing institute OFI show that the viral filtration efficiency of its filter and ioniser makes the technology highly effective against airborne viruses.
This is another stellar achievement for Volvo Cars and another example that we’re consistently pushing the envelope when it comes to the health and safety of our customers.

Every breath you take… will now be cleaner than ever in a Volvo Car

Excitement was in the air this week as we embarked on our first Annual General Meeting (AGM) of Shareholders since listing on the NASDAQ in Stockholm in October last year. 

On 11 May, hundreds of shareholders, financial industry professionals, media representatives and employees flocked to Eriksbergshallen, a former ship building plant turned conference centre in the Eriksberg area of Gothenburg.
The location was a fitting one: Eriksberg is a shining example of a neighbourhood that has reinvented and transformed itself, after it lost the shipping industry that dominated the area until the 1970s. And as you all know, we’re on an exciting reinvention and transformation journey of our own, as our chief executive Jim Rowan emphasised in his opening speech at the event.
While he introduced himself to our shareholders and expressed how pleased he is to hold the job of Volvo Cars CEO, Jim also laid out his vision for our company and the road forward towards delivering on our mid and long-term ambitions. Our Chairperson Eric Li also attended and addressed the AGM via video link, since he was unable to travel due to Covid-related restrictions.
Naturally, Jim and Eric were not the only ones to speak at the AGM: for example, vice-chairperson of the Board, Lone Fønss Schrøder elaborated on the work done by the Board of Directors during 2021, while a representative from Deloitte explained their work with our annual report and financial reporting during the year. After that, the company’s accounts were formally approved by our shareholders, as a chorus of firm “Yes”-es echoed through Eriksbergshallen.
This is the event where our shareholders get a chance to hold the board and management to account for the year that was, and to exercise their legal right to influence the goings-on at the company. The main way of exercising that influence is through a series of votes, with proposals distributed beforehand as is customary.
One vote dealt with the new composition of our Board of Directors. Our shareholders agreed that going forward, the Board will consist of ten members instead of twelve. Jim Rowan joins the board following the departure of Håkan Samuelsson, while Anna Mossberg has also joined to add even more valued tech expertise to the Board. Betsy Atkins, Michael Jackson and Jim Zhang elected not to stand for re-election and have now stepped down – we thank all three of them for their service!

In two other important votes our shareholders approved amended remuneration guidelines for our top executives and plans for a new employee engagement programme. Start with the first: the Performance Share Programme (PSP) is meant for the top managers in the company and reflects our new life as a listed company. The guidelines spell out what types of remuneration are allowed, how much of it will be performance-based and what parameters will be used to judge that performance.
Secondly, the Employee Share Matching Programme (ESMP) is the result of our ambition to launch a broad employee engagement programme that we communicated around the IPO. Through the ESMP, the company will match employee investments in company shares up to 10,000 SEK under certain conditions. More info on the how and what of the EMSP will follow later this year.
And with that, we look back on a very successful first AGM as a listed company!

Volvo Cars shareholders attend our first AGM

Our Tech fund presents its latest findings: online car sales, sustainable materials and fast charging battery technology.

We’re on the lookout for new technologies that could be key for a new future that is all-electric, autonomous and connected; and that’s exactly what our Tech Fund is set out to do. Founded in 2018, the Tech Fund is our own venture capital arm and seeks to invest in high potential start-ups around the globe. “We aim to be the fastest transformer in our industry and the Tech Fund plays a crucial role in establishing partnerships with future technology leaders,” said Alexander Petrofski, head of the Volvo Cars Tech Fund.
Every investment is directly connected to our overall strategy, just like the recent ones in carwow, Bcomp and Storedot.
Carwow is one of Europe’s biggest websites for online car sales. The fact that they’re a leader in this area is exactly the reason why we’ve made a strategic equity investment. Carwow does online car sales very, very well and is a major force in the UK, Germany and Spain. By working together with carwow, we can gain valuable new insights in areas such as online sales, customer acquisition and how people in general behave when shopping online.
Those insights will help us as we increasingly shift towards online sales and direct customer relationships ourselves. This is one of our key strategic focus areas, and we look to create a simple and hassle-free experience for ordering our products and services.
Another find of our Tech Fund team is Bcomp, a Swiss maker of a lightweight material using natural fibres called flax. Compared to regular plastic parts, flax composites offer significant savings in terms of weight, energy use and emissions versus regular plastic parts. We used flax composites in our Concept Recharge and we’re actively looking at incorporating them in future car models as well.

“We have the ambition to be leading in sustainability, which we all know means more than just electrification,” said Alexander. “We need to decarbonise our entire supply chain and every car contains more than 100 kg of plastics just in the interior. So, this material developed by Bcomp offers a lot of potential and we could help them scale up. Plus, flax is a very premium material. It’s as nice as a wooden piece, so in that sense it’s nicer than plastic and can actually increase the premium feeling inside our cars.”
Last but not least, we’ve invested in StoreDot, an Israeli company developing extreme-fast charging battery technology for electric cars. StoreDot is working on a pioneering technology that, according to the company, should result in batteries that can charge to 160 km of pure electric range in just five minutes. The investment gives us the opportunity to collaborate closely with StoreDot on this exciting new battery technology as we aim to become a pure electric car company by 2030.
These deals are only the latest in a busy period for our Tech Fund. Our in-house venture capitalists now aim to increase the number of investment deals and broaden the scope of their scouting work beyond pure in-car technology.
Keep an eye out for more Tech Fund activity later this year, because there are plenty more exciting and promising companies out there!

Proactive scouting for the latest tech

Is charging your car as easy as getting a coffee or chilling at home? Check out our unique collaborations with Starbucks, Compass and Garage Living for the answer.

Re-imagining the landscape of mobility creates new possibilities not only for our cars, but it also shapes the world around us. But, with opportunities come challenges. Consumers often cite charging availability and range anxiety as some of the biggest challenges to the adoption of EVs. Through recent partnerships with Starbucks, Compass, and Garage Living, Volvo Car USA has demonstrated how seamlessly electric vehicles can fit into our daily lives. With these partnerships, we are investing in infrastructure and highlighting how homes and spaces must evolve to usher in the next phase of a fully electric future.
A morning coffee from Starbucks in the US is what is fika in Sweden: indispensable. So why not meet our consumers where they are?
We recently announced our partnership with Starbucks to pilot our first public electric vehicle fast charging network along a 1,350-mile route between Seattle and Denver.
Beginning this summer, we will install as many as 60 Volvo-branded, ChargePoint DC fast chargers at up to 15 Starbucks locations. With charging locations placed about every 100 miles along the route, well within the battery range of most electric vehicles, drivers will have the freedom to move while also lowering their impact on the environment. Our goal is to make charging Volvo pure electric models as easy as going to Starbucks, and we hope to continue to grow this exciting partnership.

With home charging critical to the continued adoption of EVs, we teamed up with garage specialists Garage Living, and real estate innovators Compass, to design and build a modern EV ‘Recharge’ Garage inside a home in Palm Springs, CA.
As more homeowners embrace electric vehicles, we know garages must evolve to meet new demands for home charging, sustainability, versatility, and connectivity. Garages are traditionally an under-utilised space, but as EVs have zero tailpipe emissions, garages can naturally become a cleaner, safer and more flexible, multi-purpose space to be used for work, relaxation and more.
With over 60 media onsite in Palm Springs, we unveiled the Recharge Garage as part of Volvo Cars’ North American Recharge Drive event where media tested the C40 Recharge, as well as the new XC60 Recharge T8 extended range.
These unique partnerships reinforce our ambitious sustainability initiatives that includes full electrification by 2030, carbon neutrality by 2040, and our support for the Glasgow Declaration on Zero Emission Cars at the COP26 conference. The future of Volvo Cars is electric, and Starbucks, Compass, and Garage Living have all proven to be perfect partners in bringing our vision to life.
To learn more about the Recharge Garage, please see <a href="https://www.media.volvocars.com/us/en-us/media/pressreleases/297323/volvo-car-usa-showcases-the-all-electric-c40-recharge-in-the-recharge-garage-designed-in-partnership"> here </a> . To learn more about Volvo’s partnership with Starbucks, please see <a href="https://www.media.volvocars.com/us/en-us/media/pressreleases/297119/volvo-cars-explores-electric-vehicle-charging-network-at-us-starbucks-stores"> here </a> .

Anders Kärrberg, head of global sustainability, said: &quot;I'm delighted that our APAC HQ Campus has secured a 100 per cent climate neutral electricity supply. This good news follows the securing of a similar supply for our plants in Chengdu and Daqing.
“Climate action is now as important as safety at Volvo Cars. We are committed to reducing emissions across our value chain on our journey towards becoming a climate neutral company by 2040. Addressing our operational footprint is key. Our global manufacturing plants are already powered by over 90 per cent fossil free electricity. This is further evidence that we are quite literally putting our own house in order,&quot; Anders said.

From Starbucks to the Home Garage, Volvo Designs new spaces for an electric future

From Starbucks to the Home Garage, Volvo designs new spaces for an electric future

Could you update your car’s features without leaving your home? Well, now it’s possible, all new Volvo car models* are able to receive software updates over the air. 

Supporting our ambition to make customers’ cars better every day, the over-the-air (OTA) capability, which initially was introduced on our fully electric cars, will be available across our complete model range. Already this week, we’re rolling out our eighth complete car OTA update, which will reach more than 190,000 Volvo cars around the globe. With this move, we’re strengthening our position as one of the industry leaders when it comes to updating car software over the air.
“By making all Volvo models able to receive over-the-air updates, we make important progress towards our ambition of making our customers’ cars better every day,” said Henrik Green, our chief product officer. “This is a significant milestone: we’re now updating cars of all models in a majority of our markets, bringing the benefits of remote continuous updates to an ever-increasing number of customers.”
But what does this mean for all Volvo owners out there? Quite a lot actually. First of all, it means that they now can receive an update of their car’s complete operating system over the air. And with this week’s update, their infotainment system will be upgraded to a newer version of Android Automotive OS, Android 11™.

With Google apps and services built-in right from the start, our customers will have best-in-class navigation with Google Maps, hands-free help with Google Assistant and a broad offer of native in-car apps via Google Play, as well as the Volvo Cars app. Jointly developed with Google, this infotainment system comes with a user-friendly interface, unparalleled connectivity and access to well-known apps and services.
And it doesn’t stop there. Thanks to software updates over the air, Volvo owners will also be able to enjoy a variety of feature and quality improvements, ranging from better energy management through improved climate timers and updates to mobile app functionality and in-car applications.
With this week’s release, we’re now offering OTA updates on a regular basis in the majority of Volvo markets, and today’s number of more than 190,000 cars will grow even further with every new update. We’re happy to see new markets around the globe, including India, Taiwan and New Zealand, getting their first software updates over the air. And earlier this year, markets such as South Korea, Australia, Thailand and Singapore took their first OTA steps.
Please note that the availability of features and services mentioned above may differ between markets.
*All new Volvo car models from model year 2023.

Over 190,000 customers can now receive updates over the air

While customers remain keen to get their hands on a new Volvo, especially one with a cord, supply chain issues continue to pose a challenge to our production. 

When we communicated our February sales figures, we could see the supply chain situation slowly improving and production levels were on the rise. Now, a month later, production has taken a downward turn due to a lack of a certain type of semi-conductor we need to assemble sparkling new Volvos.
Customer demand remains strong, but at the moment we can’t produce cars at the pace we’d wished and planned for. This means that we’re now expecting a temporary deviation from the slightly upgoing trend we could see over the past few months. We continue to monitor the potential impact to our business to be ready for further actions whenever needed.
In March, we sold 58,667 cars around the globe, which is 22.1 per cent less than during the same month last year. In the first quarter, total sales reached 148,925, a decline of 20.1 per cent versus the same period in 2021.
Our global sales of Recharge cars made up 35.5 per cent of all the cars we sold during the month. If we’re looking only at our fully electric cars, their share made up 9 per cent of our total March sales. For the whole first quarter, Recharge sales counted for 33.6 per cent of our total sales, while fully electric cars made up almost 8 per cent.
One thing worth celebrating is that at the end of March, the number of active subscriptions had increased by an impressive 174 per cent compared with the same month last year. This was enabled by increasing customer demand in combination with a broadened offer in more markets.

Now, let’s zoom in on our regions for a while. While European sales fell 30.4 per cent in March, it’s encouraging to see Recharge models making up more than half of total sales. During the first quarter, European sales were down 25.6 per cent compared to the same period last year.
In China, March sales declined by 22.6 per cent compared to the same month last year. In the first quarter, we saw a sales decline of around 21 per cent versus the same period last year.
US sales in March were down 5 per cent if we compare with the same month last year, while for the first quarter, sales declined by 16.5 per cent compared to the same period in 2021.
Our top-selling model in March was the XC60, followed by the XC40 and the XC90.
<table>
<col style="width:22.92%" />
<col style="width:12.5%" />
<col style="width:12.5%" />
<col style="width:12.5%" />
<col style="width:12.5%" />
<col style="width:13.54%" />
<col style="width:13.54%" />
<tbody>
<tr>
<td>March</td>
<td></td>
<td></td>
<td>January-
March</td>
<td></td>
<td></td>
<td>
<pre><code> |
</code></pre>
</td>
</tr>
<tr>
<td></td>
<td>2022</td>
<td>2021</td>
<td>Change</td>
<td>2022</td>
<td>2021</td>
<td>Change</td>
</tr>
<tr>
<td>Europe</td>
<td>26,954</td>
<td>38,723</td>
<td>-30.4%</td>
<td>65,157</td>
<td>87,550</td>
<td>-25.6%</td>
</tr>
<tr>
<td>Recharge</td>
<td>14,290</td>
<td>15,271</td>
<td>-6.4%</td>
<td>34,110</td>
<td>35,842</td>
<td>-4.8%</td>
</tr>
<tr>
<td> - Plug-in hybrid</td>
<td>10,894</td>
<td>14,099</td>
<td>-22.7%</td>
<td>26,518</td>
<td>32,741</td>
<td>-19.0%</td>
</tr>
<tr>
<td> - Fully electric</td>
<td>3,396</td>
<td>1,172</td>
<td>189.8%</td>
<td>7,592</td>
<td>3,101</td>
<td>144.8%</td>
</tr>
<tr>
<td>China</td>
<td>12,378</td>
<td>15,999</td>
<td>-22.6%</td>
<td>35,698</td>
<td>45,242</td>
<td>-21.1%</td>
</tr>
<tr>
<td>Recharge</td>
<td>1,314</td>
<td>754</td>
<td>74.3%</td>
<td>3,143</td>
<td>1,941</td>
<td>61.9%</td>
</tr>
<tr>
<td> - Plug-in hybrid</td>
<td>1,051</td>
<td>726</td>
<td>44.8%</td>
<td>2,708</td>
<td>1,777</td>
<td>52.4%</td>
</tr>
<tr>
<td> - Fully electric</td>
<td>263</td>
<td>28</td>
<td>839.3%</td>
<td>435</td>
<td>164</td>
<td>165.2%</td>
</tr>
<tr>
<td>US</td>
<td>9,428</td>
<td>9,924</td>
<td>-5.0%</td>
<td>22,757</td>
<td>27,239</td>
<td>-16.5%</td>
</tr>
<tr>
<td>Recharge</td>
<td>2,430</td>
<td>1,268</td>
<td>91.6%</td>
<td>6,018</td>
<td>3,121</td>
<td>92.8%</td>
</tr>
<tr>
<td> - Plug-in hybrid</td>
<td>1,756</td>
<td>1,216</td>
<td>44.4%</td>
<td>4,360</td>
<td>2,801</td>
<td>55.7%</td>
</tr>
<tr>
<td> - Fully electric</td>
<td>674</td>
<td>52</td>
<td>1,196.2%</td>
<td>1,658</td>
<td>320</td>
<td>418.1%</td>
</tr>
<tr>
<td>Other</td>
<td>9,907</td>
<td>10,669</td>
<td>-7.1%</td>
<td>24,683</td>
<td>25,667</td>
<td>-3.8%</td>
</tr>
<tr>
<td>Recharge</td>
<td>2,804</td>
<td>2,211</td>
<td>26.8%</td>
<td>6,503</td>
<td>5,650</td>
<td>15.1%</td>
</tr>
<tr>
<td> - Plug-in hybrid</td>
<td>1,881</td>
<td>2,200</td>
<td>-14.5%</td>
<td>4,467</td>
<td>5,620</td>
<td>-20.5%</td>
</tr>
<tr>
<td> - Fully electric</td>
<td>923</td>
<td>11</td>
<td>8,290.9%</td>
<td>2,036</td>
<td>30</td>
<td>6,686.7%</td>
</tr>
<tr>
<td>Total</td>
<td>58,667</td>
<td>75,315</td>
<td>-22.1%</td>
<td>148,295</td>
<td>185,698</td>
<td>-20.1%</td>
</tr>
<tr>
<td>Recharge</td>
<td>20,838</td>
<td>13,536</td>
<td>6.8%</td>
<td>49,774</td>
<td>46,554</td>
<td>6.9%</td>
</tr>
<tr>
<td> - Plug-in hybrid</td>
<td>15,582</td>
<td>18,241</td>
<td>-14.6%</td>
<td>38,053</td>
<td>42,939</td>
<td>-11.4%</td>
</tr>
<tr>
<td> - Fully electric</td>
<td>5,256</td>
<td>1,263</td>
<td>316.2%</td>
<td>11,721</td>
<td>3,615</td>
<td>224.2%</td>
</tr>
</tbody>
</table>

March sales: Strong Recharge sales continue to stand out

We are opening a fast-track recruitment process in Sweden for people who are living in Ukraine and wish to leave, or those who have already fled due to the conflict.  

We are in the midst of a business transformation, delivering to our purpose and delivering to our strategy every day. We have a number of open positions with us, for people who share our values and find a suitable role in our Volvo Cars family. And we want to help in the ways we can as a company, to support those affected by the devastating impacts of the conflict.
The fast-track recruitment process we are opening today aims to help people find a position with us as efficiently as possible, if their skills and competencies match a job opening at Volvo Cars. Most of the open positions are tech related, so those applications will also be the quickest to manage in this process.
There is also an open job posting, through which applicants can provide their details for their skillset to be matched against all open positions in Sweden, in a variety of fields. We may not be able to respond within 48 hours for these applications due to a more complex competency matching check, but our recruitment team will come back as soon as they can.

Once an applicant has a match against a position with us, the recruitment team will arrange for interviews and other necessary steps, and if the candidate is ready to join our Volvo Cars family, we can provide some support in relocation and settling in Sweden.
The job postings are live and will be posted on relevant recruitment sites. If you know someone who could benefit from this opportunity, please share the links with them: 
<a href="https://jobs.volvocars.com/job-invite/58693/"> Embedded Software and Electronics engineer </a>
<a href="https://jobs.volvocars.com/job/Gothenburg-Cloud-Developer/787806301/"> Cloud Developer</a>
<a href="https://jobs.volvocars.com/job/Gothenburg-Cloud-Developer/787806301/"> Cloud Developer</a>
<a href="https://jobs.volvocars.com/job/Stockholm-Software-Developer-BE/787788701/"> Software Developer Backend </a>
<a href="https://jobs.volvocars.com/job/Stockholm-Software-Developer-FE/787784301/"> Software Developer Frontend </a>
<a href="https://jobs.volvocars.com/job/Gothenburg-Open-application-for-Volvo-Cars/790360201/"> Open application </a>

We’re opening fast-track recruitment for people fleeing Ukraine

On his first day as the CEO of Volvo Cars, Jim Rowan shares his thoughts on his new role, company culture and the future of automotive industry.

Hej everyone,
A new chapter in my life starts today. And it’s one that I’m incredibly excited about. To be able to join Volvo at this moment in time, in the middle of an enormous transformation, is very inspiring.
So when people ask me, “Why did you join Volvo?”, that’s my answer. I’m just really inspired by the opportunity. To be part of our shared journey in the coming years, to work with you all and create a company that is a leader in next-gen mobility, and take the company to new heights is something I really look forward to.
While I’m a lover of engineering and technology, I’m not a traditional automotive guy. I think that’s a good thing. Volvo is full of people who know the automotive industry inside out and have all the relevant skills. You don’t need me for that!
What I hope to bring to the table are insights and experience from the high-technology consumer products industry, as we make that transition to next-gen mobility. If we blend that with the talent and knowledge that we’ve built up within Volvo over the last 95 years, and put it together in the right way, I think it will be an extremely powerful combination.
We’ll always have our history and our pedigree. People trust the Volvo brand and know that it stands for something authentic and honest. No one can replicate that. But the language and expectations of next-gen automotive are changing. It used to be all about horsepower and cylinders. Now, it’s becoming much more about embedded technology that makes things easier and more convenient for our customers. The language has become much more inclusive and progressive, which is good.

Our purpose says it very well: we want to offer people the freedom to move in a safe, sustainable and personal way. Taking mobility carbon-free and being responsible for that transition is extremely motivating. It’s not just the right thing for Volvo, but more importantly, it is the right thing for society.
This is our moment to demonstrate that we take human safety as seriously as we take planetary safety. Two things that have never been more important and in which we will continue to do even more. Our approach to 100% electrification and a safe introduction of autonomous drive has engaged the whole company and we will achieve it, together. But in next-gen automotive, I also think the personal element will be more important than ever. Direct connection to our customers will become a huge enabler for sustained, profitable growth and additive to our brand value.
When you buy a Volvo or subscribe to one, you’ll still get a robust, reliable, safe, high-quality car. That won’t ever change: we’ll continue to invest and innovate in all of the core competencies that we’ve built over several decades. However, if we add to that an all-inclusive and seamless Volvo experience for our customers, we can make it their brand of choice throughout their lives. Mobility that not just protects you, your loved ones and the environment, but also gives enjoyment, convenience and complete peace of mind.
Finally, just a few words about our culture. Trust is important to me. I’d like this to be a company that trusts its people to do their job, a culture that provides equal opportunities to all, where our people are empowered to use their judgment and skills to help deliver our key objectives.
It also means that we’re a company that has earned the trust of its people. A company that’s here for you when you need support, whatever it is. And if something’s about to go wrong, I want everyone to feel confident to speak up and ask for help and guidance to solve the issue at hand. We will win as a team: no finger pointing, no blame game, let’s just get everyone focused on the mission.
Anyway, enough talk for now. You may have to be a bit patient with me in coming weeks as I get up in the saddle, but I plan to visit all our operations and get up to speed quickly. I look forward to meeting you and starting off this adventure together with you.
Jim

A letter from our new chief executive Jim Rowan: we will win as a team

In his last week as our CEO, Håkan Samuelsson says goodbye with a letter. Read here.

Dear Volvo friends,
After 10 years at Volvo Cars, it’s time for me to move on.
I must admit, I do that with somewhat mixed feelings. It’s of course very natural to leave after 10 years, but on the other hand I have loved working with all of you and I will miss Volvo.
I leave with pride and satisfaction after all we have accomplished together.
We have doubled our revenue, created thousands of new jobs and have turned the company solidly profitable.
We have completely renewed and expanded our product portfolio and established Volvo as a truly global premium brand with production in Europe, America and China.
Thereby we have been one of the world’s fastest growing brands and we close to doubled our market share.
With this new position we have created a strong base for the next phase of Volvo’s development. Now the job is to transform the company to all electric sustainability, setting the next level of safety and use new digital tools building strong personal customer relations.

This clear future strategy and our strong track record have created the credibility and trust necessary to list our company on the Stockholm stock exchange.
Thereby we have made our company more international but built on a strong Swedish heritage.
I’m convinced that the company will continue to develop positively under the leadership of my successor Jim Rowan, combined with all the deep competence, experience and motivation you all represent.
It will be strange not seeing you in the canteen or on the factory floor anymore. I will, however, with great interest and passion continue to follow Volvo’s future progress.
So goodbye from me, it has been a privilege to lead this great company and these have been the best years in my career.
All the best to all of you!
Håkan

Dear Volvo friends,
After 10 years at Volvo Cars, it’s time for me to move on.

Håkan says goodbye: “The best years in my career”

Our Stockholm office is growing, and we’re looking for new team members who are skilled in everything from product management to software engineering and user experience.

We’re always welcoming talented people who want to take part in creating a new future that is all-electric, autonomous and connected – and right now, we’re looking for key talents and established leaders from all over the world to join our new tech hub in Stockholm.
We’re creating a workspace in the centre of Sweden’s capital, where we aim to gather more than 700 talents, physically and virtually, skilled in software engineering, data science and analytics, product management, online business and user experience.
We have a proud history of world-changing innovations, and bold ambitions to match, designed to put us on a path of becoming a leader in the premium electric car market by 2030. Two of our mid-decade ambitions is to sell at least half of all our cars online and to develop at least half of all software in-house.

Our Stockholm tech hub will be characterised by those ambitions and will build on our established competence in online sales and software product development, which are key focus areas in our ongoing transformation. This expansion will not only support our strong, ongoing growth, but is also a strategic move: as the home and birthplace of several globally successful billion-dollar tech companies, Stockholm has an international appeal to the global tech scene.
“Beyond making our cars safer through technology and more sustainable through electrification, we want to fundamentally change car ownership to be more personal through a world-leading consumer experience,” said Henrik Green, chief product officer at Volvo Cars. “That’s why we’re investing in product and tech and expanding in Stockholm to access the wealth of talent in everything from product management to software engineering and user experience.”
The office is an expansion of our current downtown Stockholm location and will serve as the base for our businesses in the wider Stockholm region. The tech hub workspace will be renovated and modernised later this year. Keep an eye on our <a href="https://www.volvocars.com/intl/v/careers/highlights"> Career section </a> for more information and updates around available positions.

We’re opening a new 700-job tech hub in Stockholm

Discover a range of exciting updates to our fully electric XC40 Recharge, C40 Recharge and our new offer concept making your choice much easier. 

Picking up a new Volvo is like meeting a dear friend you haven’t seen for a while; everything you appreciate is there, and you get some updates on what’s new since you last met. So, let’s check what’s new for our cars in our recently updated line-up.
When we first presented the XC40 in 2017, it was a fresh, distinctive and eye-catching addition to our Volvo line-up. Five years later, the XC40 has scored an array of impressive awards and is one of our most reliable top-sellers. But as the forward-leaning company we are – always looking to take the lead in pretty much everything we take on – resting on our oars is not an option. So, we continuously enhance our products for the benefit of our customers to stay competitive and keep our covetable spot at the top.
To reinforce the cutting-edge design and modern appearance of the XC40 line-up, our designers have now given it a well-deserved refresh. For example, our fully electric XC40 Recharge has a new front bumper and a frameless grille plate adding to the all-electric impression. The signature Thor’s Hammer headlights are of course there too, automatically adapting to traffic in front and lighting up the road ahead without dazzling other drivers.
While buying a Volvo is a sustainable choice in itself, we’re taking it one step further for Volvo drivers to enjoy premium leather-free upholstery options in the fully electric XC40 Recharge. And thanks to new, delightful options when it comes to exterior colours and rims, there’s every possibility to add a personal touch to your new car.

“As we’re moving towards becoming a fully electric company, our design language follows,” says our head of design Robin Page. “With the refreshed fully electric XC40, we continue to evolve its instantly recognisable design, creating a more modern face with a sleeker front and an even more integrated grille.”
For our pure electric C40 Recharge, which together with the all-electric XC40 Recharge is the very epitome of our electric transformation, we’re introducing a single electric motor variant to complement the already existing twin motor version. The single-motor C40 Recharge has an anticipated range of up to 434 km on a single charge, and on a fast-charging system, the battery can charge from 10 to 80 per cent of capacity in around 32 minutes. Through this move, we’re expanding our fully electric offer and supporting our ambition to help more people make the switch to fully electric cars.

The new C40 and XC40 variants, along with all other new Volvo car models, will be available through an updated offer concept reflecting our ambitions to increase price transparency, as well as reduce complexity in our model offering. By focusing on attractive pre-selected variants, we aim to make it easier for Volvo drivers to configure their new cars so that it matches their personal needs.
The features we describe in the article might be optional and the exact customer offer may vary from one country to another, or not yet be available in all markets.

We’re refreshing our line-up – and it’s electrifying!

A fleet of fully electric XC40 Recharges takes on a three-year taxi gig in Gothenburg – we’re also using them to test new and innovative charging technology.

As of today, a small fleet of pure electric XC40s will don taxi signs, pick up passengers and help us test wireless charging technology.
Over a three-year period, this pure electric fleet will be used by Cabonline, the largest taxi operator in the Nordic region. Basically, they’ll drive our cars for hours on end and use wireless charging stations placed in central areas in Gothenburg to juice up the cars when needed.
This wireless charging test is one of many projects outlined within the strategic initiative Gothenburg Green City Zone, where designated areas within the city are used as live testbeds for the development of sustainable technologies.
Last year, we took part in launching the Gothenburg Green City Zone initiative, which aims to achieve emissions-free transport by 2030. Using a real city as a testing ground will enable us to accelerate development of technologies and services in the areas of electrification, shared mobility, autonomous driving, connectivity and safety.

“Gothenburg Green City Zone lets us try exciting new technologies in a real environment and evaluate them over time for a potential future broader introduction,” said Mats Moberg, head of research and development. “Testing new charging technologies together with selected partners is a good way to evaluate alternative charging options for our future cars.”
The charging stations used in the test are delivered by Momentum Dynamics, a leading provider of wireless electric charging systems. Our 360-degree camera system helps the driver guide the car into position over a charging pad embedded in the street, but after that, the charging process in the test is all-automatic.
“When the car is correctly aligned with the embedded pad, the charging starts automatically, allowing drivers to conveniently charge without getting out of their car,” explains Robert Eriksson, senior technical leader from vehicle propulsion, who has led the work to enable wireless charging in the XC40s. “Since they’re hooked up to the power grid, they can have the entertainment and climate systems running while they wait for their next customer.”
A power station by the side of the charging spot sends energy to a transmitter pad in the ground, which then wirelessly relays it to a receiver unit on the underside of the car. On the car’s screens, the driver can track the charging percentage and the estimated time until the battery is fully charged. And when it’s time to leave, they can just drive away without having to unplug and deal with any cables.
For the fully electric XC40 Recharge cars, the wireless charging power will be more than 40 kW making the charging speeds around four times faster than a typical home charger. It’s almost as fast as a fast charger with 50 kW DC.
In total, the Volvo cars will be used for more than 12 hours a day and drive 100,000 km per year, which also makes this the first durability test of fully electric Volvo cars in a commercial usage scenario.

No cords attached – we test wireless charging in Gothenburg

Demand for our cars continues to be strong, but market circumstances are only gradually improving for the better. Regardless, our Recharge cars continue to be very popular!

It continues to be a tough market out there, as is reflected in our February sales result. While the supply chain situation continues to ease slowly and production is improving month over month, our current production levels are still below our ambitions. On top of that, the escalating military conflict in the Ukraine creates an additional challenge for us to deal with going forward.
We sold 42,067 cars in February, a decline of around 17 per cent compared to the same month in 2021. Sales of Recharge cars continue to be brisk, however, with their share of global sales now up to 33 per cent.
In total, we sold almost 14,000 Recharge cars in February, an increase of 2.4 per cent versus February 2021. Even better is that our sales of fully electric cars more than doubled versus February last year and made up almost 8 per cent of total sales.

Looking on a region-by-region basis, we were down in all main sales regions, but the smallest decline was in China. In the regions, too, we can see that our Recharge-cars are popular like Swedish semla pastries: for example, in Europe over half of all cars we sell are electrified, while that percentage is more than a quarter in the United States.
For the first two months, sales are down by 18.6 per cent because of those supply chain issues. So while we know underlying demand for our cars is strong and our orderbooks are looking good, we might have to wait a bit longer until we record sales growth again.
As for the conflict in the Ukraine, we know that military conflicts cause disturbances to transport and economic activity in surrounding regions, so it may have a negative impact on our supply chain. So we continue to monitor the potential impact and the potential need for further action.
Here is the breakdown of numbers for February:
<table>
<col style="width:22.92%" />
<col style="width:12.5%" />
<col style="width:12.5%" />
<col style="width:12.5%" />
<col style="width:12.5%" />
<col style="width:13.54%" />
<col style="width:13.54%" />
<tbody>
<tr>
<td>February</td>
<td></td>
<td></td>
<td>January-
February</td>
<td></td>
<td></td>
<td>
<pre><code> |
</code></pre>
</td>
</tr>
<tr>
<td></td>
<td>2022</td>
<td>2021</td>
<td>Change</td>
<td>2022</td>
<td>2021</td>
<td>Change</td>
</tr>
<tr>
<td>Europe</td>
<td>19,512</td>
<td>23,963</td>
<td>-18.6%</td>
<td>38,203</td>
<td>48,827</td>
<td>-21.8%</td>
</tr>
<tr>
<td>Recharge</td>
<td>9,894</td>
<td>10,417</td>
<td>-5.0%</td>
<td>19,820</td>
<td>20,571</td>
<td>-3.7%</td>
</tr>
<tr>
<td> - Plug-in hybrid</td>
<td>7,684</td>
<td>9,564</td>
<td>-19.7%</td>
<td>1,657</td>
<td>1,051</td>
<td>57.7%</td>
</tr>
<tr>
<td> - Fully electric</td>
<td>2,210</td>
<td>853</td>
<td>159.1%</td>
<td>4,196</td>
<td>1,929</td>
<td>117.5%</td>
</tr>
<tr>
<td>China</td>
<td>8,691</td>
<td>10,083</td>
<td>-13.8%</td>
<td>23,320</td>
<td>29,243</td>
<td>20.3%</td>
</tr>
<tr>
<td>Recharge</td>
<td>682</td>
<td>308</td>
<td>121.4%</td>
<td>1,829</td>
<td>1,187</td>
<td>54.1%</td>
</tr>
<tr>
<td> - Plug-in hybrid</td>
<td>618</td>
<td>274</td>
<td>125.5%</td>
<td>1,657</td>
<td>1,051</td>
<td>57.7%</td>
</tr>
<tr>
<td> - Fully electric</td>
<td>64</td>
<td>34</td>
<td>88.2%</td>
<td>172</td>
<td>136</td>
<td>26.5%</td>
</tr>
<tr>
<td>US</td>
<td>6,219</td>
<td>9,164</td>
<td>-32.1%</td>
<td>13,329</td>
<td>17,315</td>
<td>-23.0%</td>
</tr>
<tr>
<td>Recharge</td>
<td>1,680</td>
<td>1,038</td>
<td>61.8%</td>
<td>3,588</td>
<td>1,853</td>
<td>93.6%</td>
</tr>
<tr>
<td> - Plug-in hybrid</td>
<td>1,124</td>
<td>913</td>
<td>23.1%</td>
<td>2,604</td>
<td>1,585</td>
<td>64.3%</td>
</tr>
<tr>
<td> - Fully electric</td>
<td>556</td>
<td>125</td>
<td>344.8%</td>
<td>984</td>
<td>268</td>
<td>267.2%</td>
</tr>
<tr>
<td>Other</td>
<td>7,645</td>
<td>7,585</td>
<td>0.8%</td>
<td>14,776</td>
<td>14,998</td>
<td>-1.5%</td>
</tr>
<tr>
<td>Recharge</td>
<td>1,609</td>
<td>1,773</td>
<td>-9.2%</td>
<td>3,699</td>
<td>3,439</td>
<td>7.6%</td>
</tr>
<tr>
<td> - Plug-in hybrid</td>
<td>1,101</td>
<td>1,772</td>
<td>37.9%</td>
<td>2,586</td>
<td>3,420</td>
<td>-24.4%</td>
</tr>
<tr>
<td> - Fully electric</td>
<td>508</td>
<td>1</td>
<td>50,700.0%</td>
<td>1,113</td>
<td>19</td>
<td>5,757.9%</td>
</tr>
<tr>
<td>Total</td>
<td>42,067</td>
<td>50,795</td>
<td>-17.2%</td>
<td>89,628</td>
<td>110,383</td>
<td>-18.8%</td>
</tr>
<tr>
<td>Recharge</td>
<td>13,865</td>
<td>13,536</td>
<td>2.4%</td>
<td>28,936</td>
<td>27,050</td>
<td>7.0%</td>
</tr>
<tr>
<td> - Plug-in hybrid</td>
<td>10,527</td>
<td>12,523</td>
<td>-15.9%</td>
<td>22,471</td>
<td>24,698</td>
<td>-9.0%</td>
</tr>
<tr>
<td> - Fully electric</td>
<td>3,338</td>
<td>1,013</td>
<td>229.5%</td>
<td>6,465</td>
<td>2,352</td>
<td>174.9%</td>
</tr>
</tbody>
</table>

February sales: rising Recharge sales amid tough market conditions

Our strong sales performance in 2021 has translated into an even stronger financial result. 

It’s no secret that 2021 was a challenging year in many ways. A pandemic that still refuses to be defeated, global supply chain issues caused by a rocky trading environment, a lack of semiconductors; we've definitely had easier years in the car industry and in our company.
Nevertheless, we performed strongly in the face of that adversity. We recorded a solid sales increase for the full year, delivering just short of 700,000 new Volvos to customers and increasing market share.
Today we report that financially, we’ve also done very well. As a matter of fact, we’ve set a record in terms of both revenues and profitability for a full calendar year.
Our global revenue came in at SEK 282 bn, an increase from SEK 262.8 bn in 2020, while the operating profit for 2021 amounted to a healthy SEK 20.3 bn, compared to SEK 8.5 bn in 2020. The resulting profit margin is 7.2 per cent, which is close to our mid-term target of consistently achieving an 8 to 10 per cent profit margin.

“I would like to take this opportunity to thank all employees for a great effort and for all we have achieved together,” says our CEO Håkan Samuelsson. “Through collaboration and determination, we’ve made tremendous progress over this last decade. We’ve placed Volvo Cars firmly on the map as a brand that is leading mobility into the future in a safe, sustainable and personal way, showing it is possible to be both profitable and more sustainable.”
Of course, such strong financial results also have a positive impact on our Volvo Bonus programme, as head of Corporate Functions Hanna Fager and our CFO Björn Annwall reveal in the film above. All Volvo Cars employees will receive a bonus this year and the payout level will be a record 200 per cent of the annual bonus target.
This is a deserved reward for all staff after a year of hard work.
To read the press release, please <a href="https://www.media.volvocars.com/global/en-gb" target="_blank"> click here </a>

FY 2021 financial results: all-time high revenue and profitability

We’re making great progress on our ambitious electrification journey and now we’re taking it up a gear with a huge financial investment in our Torslanda plant.

Our future is all-electric – we aim to be a pure electric car maker by 2030. To reach this target, we must have the facilities and infrastructure in place to do so. In preparation for our next generation of fully electric cars, we’re investing SEK 10 billion into our plant in Torslanda, Sweden.
As part of the investments, we’re upgrading the plant with more sustainable and innovative technologies and manufacturing processes. These include the introduction of mega-casting of aluminium body parts, a new battery assembly plant and fully refurbished paint and final assembly shops.
The investments follow on our recent announcement with Northvolt, the leading battery cell company, to invest SEK 30 billion in the development and manufacturing of high-quality, tailor-made batteries for the next generation of pure electric Volvos.
“With these investments, we take an important step towards our all-electric future,” said Håkan Samuelsson, our chief executive. “Torslanda is our largest plant and will continue to play a crucial role in our transformation as we move towards becoming a pure electric car maker by 2030.”
By mega-casting the aluminium body parts for the next generation of electric models, we take an important step forward in our electrification strategy, and on our path to become a climate neutral company by 2040 – the biggest challenge we’ve ever faced.
Mega-casting is a manufacturing process whereby many stamped parts are replaced with one single, large aluminum casting. Current car chassis are typically made up of hundreds of individual parts, made of many different materials, and must be assembled in several different ways using welds, bolts and adhesives.
Casting the floor structure of the car as one single aluminium part instead of more than 100 steel details reduces weight, which in turn improves the energy efficiency and thereby the electric range of the car. The process also allows our designers to use the available space inside the cabin and luggage area in the best way possible, boosting the overall versatility of the car.

Mega-casting also creates multiple benefits in terms of sustainability, cost and car range performance. It’s also a leap into the future; we’re the second car maker in the world to implement this manufacturing technology.
Other benefits from mega-casting include reduced complexity in the manufacturing process. That in turn creates cost-savings in terms of material use and logistics, reducing the overall environmental footprint across the manufacturing and supply chain networks.
The upgrade of the paint shop involves the installation of new machinery and implementing new processes, which are expected to support the ongoing reduction of paint shop energy consumption and emissions – all in line with our work to consistently cut carbon emissions across the business.
“Today is a great day for the Torslanda plant as we are making it fit for the future with this significant investment,” said Javier Varela, head of engineering and operations. “Our future as a company is all-electric and that requires a variety of upgrades across the plant, to ensure that Torslanda can continue to build premium electric cars of the highest quality.”
A new battery assembly plant will integrate battery cells and modules in the floor structure of the car, while the assembly shop is being refurbished and adapted for the manufacturing of the next generation fully electric cars, for example with a new ‘marriage point’ where the top body and the floor of the car meet.
The logistics area will also be completely refurbished, improving material flow and optimising the transport of goods and parts into the plant. We’ll also invest in facilities around the plant, such as break areas, locker rooms and offices, to further improve the working environment for all our employees.
The investments mark an important milestone on our roadmap to become a fully electric car company by 2030 and reflect our commitment to a long-term future in our hometown of Gothenburg.

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