Volvo Cars Supercharges EV Game With Breathe Tech To Cut EV Charging Times By A Third
Portfolio Pulse from Benzinga Neuro
Volvo Cars (OTC:VLVLY) has partnered with Breathe Battery Technologies to reduce EV charging times by up to 30%. The collaboration aims to enhance charging efficiency using Breathe's battery management software, which promises faster charging while maintaining battery health. This move is part of Volvo's broader strategy to transition to electric mobility, including adopting Tesla's North American charging standard and phasing out diesel cars by 2024.
March 12, 2024 | 10:22 am
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Volvo Cars' partnership with Breathe Battery Technologies to cut EV charging times by 30% underscores its commitment to electric mobility and innovation.
This partnership is likely to enhance Volvo's competitive edge in the EV market by improving customer convenience and addressing one of the major barriers to EV adoption - charging times. The move aligns with Volvo's strategy to transition fully to electric vehicles, indicating a strong commitment to sustainability and innovation. This could positively influence investor perception and consumer interest in Volvo's EV offerings.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90