Latest news with #Geely-owned
Yahoo
13-06-2025
- Automotive
- Yahoo
Volvo Cars signs recycled steel deal with SSAB
Volvo Cars says it is the first OEM to sign a supply agreement for recycled, near zero-emissions steel for series production deliveries. Geely-owned Volvo Cars has signed a new agreement with Swedish steel firm SSAB for the supply of recycled and near zero-emissions steel starting from 2025. Volvo Cars says it is the first car maker to sign a supply agreement for recycled, near zero-emissions steel for series production deliveries. The agreement is an extension of a long-term existing collaboration between the two companies, with the purpose of being at the forefront of the transition to more sustainable steel. In addition to buying recycled and near zero-emission steel, Volvo Cars says it is furthering its circular ambitions by also selling scrap steel, helping Volvo Cars to keep materials at the highest value for the longest period of time in a closed loop system. "One of the biggest sources of CO₂ emissions in our production process is the steel we use to build our cars, averaging 25 percent of all material-related emissions for a new Volvo car," says Francesca Gamboni, Volvo Cars chief supply chain and manufacturing officer. "We work towards achieving net-zero greenhouse gas emissions by 2040, and cutting steel-related emissions really has the potential to move the needle." The recycled steel will be used in selected components of the forthcoming, fully electric EX60 SUV, as well as other cars based on Volvo Cars' next-generation SPA3 car architecture. Crucially, Volvo says the recycled steel meets the same safety-related requirements as for primary steel in terms of strength and durability. SSAB's closed loop system recycles scrap steel, significantly reducing CO₂ emissions and keeping materials and natural resources in use for longer. Compared with traditionally produced steel in Europe, SSAB's recycled steel generates almost 100 per cent less CO₂ emissions in own operations and is made with a recycled content of almost 100 percent. "Steel is an important material to ensure the safety, strength and durability of our products and traditionally it's a significant contributor to our carbon emissions," says Francesca Gamboni. "By signing this agreement, we have taken an important step in reducing the impact on the environment and increase the awareness for using recycled materials within our supplier network." Volvo Cars says it is committed to a fully electric future and has the ambition to achieve net-zero greenhouse gas emissions by 2040. By 2030, the aim is to have reduced CO₂ emissions per car by 65-75 per cent compared to a 2018 baseline, by continuously reducing CO₂ emissions across the value chain. The agreement with SSAB is an example of this. It also supports Volvo Cars' circularity ambitions, with the aim to use an average of 30 per cent recycled content across the fleet by 2030, and for new car models released from 2030 to contain at least 35 per cent recycled or bio-based content. "Volvo Cars signs recycled steel deal with SSAB" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
11-06-2025
- Automotive
- Yahoo
Polestar to start EV sales in France this year
Polestar, the Geely-owned premium electric car brand, has initiated sales in France, marking the company's entry into its 28th market. The full model line-up, including the Polestar 2, Polestar 3, and Polestar 4, is now available for order in this new market. The brand's strategy in France will encompass direct-to-consumer sales through the Polestar website and a physical retail presence. Polestar CEO Michael Lohscheller said: 'We are very excited to bring our portfolio of performance EVs to France, one of Europe's fastest growing EV markets. Our cars are already receiving fantastic media reviews in France, and we look forward to seeing more and more Polestars on French roads during the second half of the year.' The first retail site is slated to open in the iconic racing village of Le Mans in July, with plans to establish locations in up to ten key cities in the latter half of the year. These retail sites will be supported by selected partners from the Volvo Cars network. Polestar France managing director Stephane Le Guevel added: 'We have an ambitious expansion plan in France, with an ambition to open up to ten sales points already in 2025 and accelerating even further in 2026. The Polestar brand is a perfect fit for France with a strong focus on performance, design and sustainability." Additionally, Polestar has established a comprehensive service network in France, offering more than one hundred service points nationwide to ensure customer support from the outset Also, in May, Polestar reported an 4% increase in year-over-year revenue for the first quarter of 2025. This growth, amounting to $608m, is attributed to a rise in electric vehicle sales and an improved gross margin, up from $330m during the same period in the previous year. The company has also achieved a positive gross margin of 7%, which is a notable improvement from the negative margin reported in the first quarter of 2024. "Polestar to start EV sales in France this year" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
07-06-2025
- Automotive
- Yahoo
Volvo Cars unveils multi-adaptive safety belt for EX60
Geely-owned Volvo Cars has introduced a "world-first" multi-adaptive safety belt technology, set to debut in the fully electric Volvo EX60 in 2026. This innovative feature is designed to offer unprecedented protection by adapting to both the traffic environment and the individual characteristics of passengers, utilising real-time data from the vehicle's sensors. The multi-adaptive safety belt represents a significant advancement in automotive safety. It adjusts its settings in response to various factors, including the severity of a crash and the specific profile of the person wearing it. By considering attributes such as height, weight, body shape, and seating position, the system customises the level of restraint provided, aiming to minimise injury risks in the event of a collision. For instance, in a severe crash, a larger occupant would experience a higher belt load setting, which is crucial in reducing the likelihood of head injuries. Conversely, a smaller person in a less intense crash would benefit from a lower belt load setting, decreasing the chance of rib fractures. Moreover, the system's capacity for continuous improvement through over-the-air software updates ensures that the safety belt will evolve and enhance its protective capabilities over time. Volvo Cars Safety Centre head Åsa Haglund said: 'The world first multi-adaptive safety belt is another milestone for automotive safety and a great example of how we leverage real-time data with the ambition to help save millions of more lives. This marks a major upgrade to the modern three-point safety belt, a Volvo invention introduced in 1959, estimated to have saved over a million lives.' In another development, Volvo Cars has reported a 12% decline in global sales for May, with 59,822 vehicles sold. This decrease represents a notable change in the company's sales performance when compared to the same month in the previous year. "Volvo Cars unveils multi-adaptive safety belt for EX60" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
05-06-2025
- Automotive
- Yahoo
Volvo Cars sales decline by 12% in May
Geely-owned Volvo Cars has reported a 12% decline in global sales for May, with a total of 59,822 cars sold during the period. This downturn is compared to the same period last year, indicating a significant shift in the company's sales dynamics. Electrified models, which include fully electric and plug-in hybrid cars, constituted 44% of the total sales for May, yet they experienced a 20% decrease from the previous year. Fully electric cars made up 21% of the total sales, while plug-in hybrids accounted for 23%. The XC60 emerged as the top-selling model with 19,408 units, followed by the XC40/EX40 at 14,892 cars, and the XC90 at 8,794 cars. Sales of mild hybrids and internal combustion engine vehicles reached 33,478 units in May, marking a 5% year-over-year decline. The sales of fully electric vehicles saw a significant 27% annual drop, with 12,391 units sold, and plug-in hybrid deliveries fell by 11% to 13,953 cars compared to the same period a year earlier. In the first five months of 2025, Volvo Cars sold 290,922 units, which is an 8% decrease year-on-year. In April, figures had already shown a downward trend, with a 10% drop in global sales for March 2025, primarily due to reduced sales of fully electric vehicles. The company sold 70,737 cars, compared to the same month in the previous year. Also, Volvo Group, the parent company, also reported a 7% drop in net sales to Skr121.8bn ($12.65bn) for the first quarter of 2025, ending on 31 March, down from Skr131.2bn in the same period last year. Sales declined across all regions and segments, with the exception of buses. Both adjusted and reported operating income for Q1 2025 stood at Skr13.25bn, a decrease from Skr18.15bn in Q1 2024. "Volvo Cars sales decline by 12% in May" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Citizen
29-05-2025
- Automotive
- The Citizen
Riddara RD6 no longer an EV-only as new plug-in hybrid debuts
Availability to key export markets, which could include South Africa, has been approved. Known as the Radar Horizon King Kong EM-P in China, the export version will again be sold as the Riddara RD6, affixed with the EM-P nomenclature. Image: Supposed to have been shown at the Nampo Agricultural Expo in Bothaville in the Free State last month, which never happened due to apparent shipping delays, Geely-owned Radar Auto has debuted a first-time plug-in hybrid version of the Horizon bakkie in China known as the Horizon King Kong EM-P. The latter suffix also used by Great Wall Motors (GWM) for its King Kong Cannon that sits below the Poer, known locally as the P Series and after its recent facelift, P300, the Horizon King Kong EM-P appears unchanged aesthetically from the electric derivative that has been on-sale in the People's Republic since 2022. Combustion joins EV Renamed Riddara RD6 in export markets, which will soon include South Africa, the plug-in hybrid setup combines a 1.5-litre turbocharged petrol engine with a 19-kWh battery pack powering two electric motors. ALSO READ: Riddara RD6 electric bakkie penned-in for Nampo showing Hooked to a three-speed Dedicated Hybrid Transmission (DHT), the Horizon King Kong EM-P has a combined system output of 260kW/914Nm, which Radar claims will see it get from 0-100 km/h in 6.3 seconds and in 8.6 seconds with its maximum payload of 1 000 kg in the loadbin. Geely launched the Radar King Kong EM-P pickup truck in China with a starting price of 19,400 USD. To launch overseas as Riddara RD6 EM-P. 👇 May 28, 2025 Able to travel 100 km on the electric hardware alone, based on China's CLTC measurements, the Horizon King Kong EM-P has a combined range of 1 068 km when taking the petrol engine into consideration, and supports vehicle-to-load (V2L) charging of up to 3.3 kW. What has stayed the same Dimensionally, the Horizon King Kong EM-P remains unchanged from the EV with an overall length of 5 260 mm, wheelbase of 3 120 mm, height of 1 865 mm and width of 1 900 mm. A long wheelbase version will, however, also be offered with dimensions of 5 550 mm, a wheelbase of 3 310 mm and the same height and width as the conventional variant. Regardless, both bodystyles have a ground clearance of 225 mm, the same the EV. Claimed loadbin capacity is 1 200-litres, though the figure for the long wheelbase wasn't disclosed. Being all-wheel-drive from the start also means the inclusion of four off-road modes; Snow, Mud, Sand and Off-Road. Inside, the Radar Horizon King Kong EM-P differs little from the EV, bar new instruments inside the 10.2-inch cluster due to the fitting of the combustion engine. The rest of the interior's layout is otherwise identical and will most likely to feature the same assortment of specification items as the electric model. South Africa awaits Now on-sale in China in three variants priced from 139 800 yuan to 159 800 yuan, which directly converts from R346 695 and R396 293, the Radar Horizon King Kong EM-P has been approved for export markets under the Riddara RD6 EM-P moniker from later this year. At present, it remains to be seen whether local importer, Enviro Automotive, will see it fit to offer the plug-in hybrid in South Africa as an alternative to the EV. For the moment, pricing of the latter is unknown, with the only hint being Enviro's promise that it has 'implemented significant price reductions' as a means of making the RD6 a 'compelling and economically sound alternative to [its] internal combustion engine counterparts'. Originally planned for introduction this month, which subsequently became the Nampo no-show, expect more details about the electric RD6 to be announced in due course. Additional information from and NOW READ: Riddara RD6 plugged-in as South Africa's first electric bakkie
