Volvo Car AB (publ.) (VLVCY) Discusses Strategic Sustainability Framework and Electrification Priorities Transcript
The Swedish brand's most critical EV yet arrives with 307 miles of range, 800-volt charging and the weight of an entire electrification strategy on its shoulders.
Volvo CEO Håkan Samuelsson discusses the company's new EX60 EV and how it is priced.
Volvo Car AB (publ.) (VLVCY) Q1 2026 Press Conference Call Transcript
Volvo Cars expects to build up to 40,000 cars of its new flagship electric model this year, with demand exceeding initial expectations, its CEO told Reuters as the auto maker kicked off production in Sweden on Wednesday.
Orders are only open in European markets and the company said it has already had more than 3,000 orders in Sweden alone.
Sweden-based Volvo Cars said on Wednesday it sold 156,965 cars in the three months through February, down 10% from the same period a year earlier, but sales of fully electric cars increased 18%.
Volvo is recalling over 40,000 EX30 electric SUVs worldwide due to a battery fire risk. Owners are urged to limit charging to 70% until safety repairs are completed.
Volvo Cars will recall over 40,000 of its flagship electric EX30 SUVs because their battery packs risk overheating, it told Reuters on Monday, a move that could dent the automaker's hard-earned reputation for safety and cost it millions of dollars.
Volvo Car AB (publ.) (VLVCY) Q4 2025 Earnings Call Transcript
The company said it would seek a further $556 million in cost savings and that it expects the overall premium market to shrink in 2026.
The Sweden-based automaker on Thursday reported a sharp drop in fourth-quarter profit, citing tariffs and weak demand. Shares of the company were last seen trading down 19.5%, putting it on track for its worst- ever trading day.