Streetbeat News

VOLVF

Volvo AB

https://www.volvogroup.se/

CEO

Martin Lundstedt

Industry

Heavy Duty Truck Manufacturing

Open

27.25

Mkt cap

51B

Volume

888

High

27.25

P/E Ratio

10.78

52-wk high

30.30

Low

24.90

Div yield

0.00

52-wk low

22.05

Volvo is set to launch a new long-range version of its FH Electric truck, capable of traveling up to 600 km on a single charge. This advancement marks a significant step in the electrification of heavy-duty trucks, enabling long-distance, zero-emission transport. The truck will be available for sale in the second half of 2025.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 7:38 am

Ecarx has sold a minority stake in HaleyTek to Volvo Cars. The terms of the deal were not disclosed. Ecarx will continue to collaborate with Volvo and HaleyTek on developing automotive software.

Portfolio Pulse from charles@benzinga.com

August 01, 2024 | 10:09 am

Geely Automobile Holdings Ltd (OTC:GELYY) plans to introduce its premium electric vehicle (EV) brand, Zeekr (NYSE:ZK), to South Korea by 2026. The company aims to open showrooms in Seoul and Gyeonggi province by the end of next year, with the first model, Zeekr 001, expected to be delivered in early 2026. Geely faces challenges due to South Korea's new rule favoring EVs with higher recycled metal content. Geely has also partnered with Korea's SK Group and Posco International Inc. for battery development and sales. GELYY shares closed higher by 2.67% at $22.66 on Wednesday.

Portfolio Pulse from Shivani Kumaresan

July 05, 2024 | 3:02 pm

Volvo Group and Daimler Truck plan to form a 50/50 joint venture to develop a software-defined heavy-duty vehicle platform, aiming to enhance customer efficiency and experience. The new company will be headquartered in Gothenburg, Sweden.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 9:04 am

Westport Fuel Systems Inc. (NASDAQ:WPRT) shares surged after announcing an investment agreement to form a joint venture with Volvo AB (OTC:VOLVF) for the commercialization of its HPDI fuel system technology. The technology aims to replace greenhouse gas-emitting fuels with carbon-neutral alternatives in long-haul and off-road applications. Volvo Group will acquire a 45% interest in the JV for about $28 million, with an additional $45 million earn-out based on performance. The JV is expected to become operational in Q2 2024.

Portfolio Pulse from Lekha Gupta

March 11, 2024 | 4:36 pm

Polestar CEO Thomas Ingenlath is optimistic about the company's EV sales in 2024 despite a tough end to 2023. Polestar, co-owned by Volvo, is launching a new SUV coupe and starting production of the Polestar 3. In 2023, Polestar delivered 54,600 cars, missing its 60,000 target. Hertz plans to sell 20,000 EVs due to costs and demand issues, but Ingenlath believes Hertz will continue buying from Polestar.

Portfolio Pulse from Anan Ashraf

January 20, 2024 | 4:01 am

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