This should help the carmaker go fully electric sooner than planned.
Volvo is one auto manufacturer to look out for. The Swedish car builder, owned by Zhejiang Geely Holding, has had a brilliant start to 2021 thanks to record-breaking sales and also celebrates the launch of its first fully electric car, the XC40 Recharge. Not only is the brand posting amazing sales figures, but it has recently achieved 80 percent renewable energy usage worldwide, and is currently working on creating a climate-neutral city in the Gothenburg Green City Zone. These are all very ambitious achievements and goals, but Volvo is currently looking at making a seriously risky decision: the Swedish brand is evaluating a potential initial public offering (IPO) of the company on the Nasdaq Stockholm stock exchange sometime this year.
Volvo Cars вернулась к планам провести IPO в Стокгольме
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Stordalen kryddar nytt hotell med bästa Kinakrogen | Realtid se - Kapitalmarknad, finansiering, strategiarbete & fondförvaltning
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AP Photo/Ng Han Guan
SHANGHAI (AP)
Ford and Chinese brands unveiled new SUVs for China on Monday at the Shanghai auto show, the industry’s biggest marketing event in a year overshadowed by the coronavirus pandemic.
Automakers are looking to China, the biggest auto market by sales volume and the first major economy to rebound from the pandemic, to propel a revival in demand and reverse multibillion-dollar losses.
Auto Shanghai 2021 takes place under anti-virus controls that included holding some news conferences by video link. Few executives from abroad are attending. Reporters were required to undergo virus tests.
The latest models reflect accelerating momentum toward electrification and designing models for Chinese tastes. Automakers rely increasingly on research and design centers in China to create models for global sale.
All the electric vehicles that stood out at the Shanghai Auto Show
The 19th annual Shanghai Auto Show delivered a bevy of electric and tech-centric vehicles this year. Chinese, European and U.S. automakers showed off their latest offerings in every price segment, from the budget-minded Wuling Hong Guang Mini via a joint venture between SAIC Motor Corp., General Motors Co. and Liuzhou Wuling Motors Co. to the luxury Mercedes EQS and everything in between.
Several automakers touted the capabilities of their driver assistance systems, using terminology that suggested they
could be autonomous if only regulators allowed it. Let’s be clear, these systems are not autonomous. Other automakers stopped short of those claims, but did publicize the software capabilities of their vehicles a movement that has been underway since Tesla rose in popularity.