Streetbeat News

VLVOF

Volvo Car AB

https://www.volvocars.com/se

Industry

Automobile Manufacturing

Open

2.17

Mkt cap

6.5B

Volume

High

2.17

P/E Ratio

4.43

52-wk high

2.92

Low

2.17

Div yield

N/A

52-wk low

2.14

Volvo Car AB is shifting its electric vehicle production from China to Belgium due to potential EU tariffs on China-manufactured EVs. The move affects the EX30 and EX90 models and some U.K.-bound models. The EU is expected to announce provisional tariffs soon, which could increase import duties above the current 10% level.

Portfolio Pulse from Shivani Kumaresan

June 10, 2024 | 3:22 pm

This week in the EV sector, bearish sentiment surrounded Tesla, with its stock underperforming due to a double miss in Q3 2023 earnings and price adjustments. Rivian and Lucid faced production challenges and disappointing earnings, while Ford paused F-150 Lightning shipments. Nio is testing humanoid robots for production efficiency, and Volvo plans to cut its stake in Polestar. The KraneShares Electric Vehicles ETF saw a slight decline.

Portfolio Pulse from Shanthi Rexaline

February 24, 2024 | 3:17 pm

Qualcomm Inc has announced partnerships with BMW and Mercedes Benz to provide enhanced multimedia and in-car infotainment systems. The Snapdragon Digital Chassis Solutions will be used in the 2024 Mercedes-Benz E-Class Sedan. BMW will use the Snapdragon Cockpit Platform and Snapdragon Auto Connectivity Platforms for 5G connectivity in their new in-vehicle experiences. The companies are also co-developing a comprehensive ADAS system based on the Snapdragon Ride Platform.

Portfolio Pulse from Shivani Kumaresan

September 05, 2023 | 12:53 pm

Qualcomm Inc is expanding its automotive chip business using generative artificial intelligence (AI). The company is selling its Snapdragon Digital Chassis to automakers including General Motors Co, Hyundai Motor Co, Ltd, and Volvo Car AB. Qualcomm's revenue from automotive sales is relatively small, but it projects substantial growth, with an estimated sales target of over $9 billion by 2031. The company is also working on creating a smart user guide and leveraging AI for driver monitoring.

Portfolio Pulse from Anusuya Lahiri

August 31, 2023 | 6:46 pm

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