Drivers of the fully electric Volvo XC40 Recharge can soon optimise the driving range of their car even further.

Volvo Car Group has reached an agreement with its parent Geely Holding to acquire full ownership of the Luqiao manufacturing operations in China, consolidating the plant within the company’s own assets.

Volvo Cars invites to a press conference in connection with the announcement of prospectus and price range for its initial public offering on Nasdaq Stockholm.

The ABOVE announcement is for information purposes only and is not intended to constitute, and should not be construed as, an offer to sell or a solicitation of any offer to buy any securities of Volvo Cars, and such securities (the “Securities”) in the United States, Australia, Canada or Japan or in any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of such jurisdiction.

Volvo Cars and 3.1 Phillip Lim, who share a commitment to sustainability and the use of materials made from bio-based and recycled sources, have joined forces to develop a new luxury fashion accessory made from Volvo interior materials.

The company will roll out several additional electric models in coming years and aims for 50 per cent of its global sales volume to consist of fully electric cars already by 2025, before becoming fully electric by 2030.

Volvo Cars sold 530,649 cars in the first nine months of 2021, up 17.6 per cent compared with the same period last year.

The ABOVE announcement is for information purposes only and is not intended to constitute, and should not be construed as, an offer to sell or a solicitation of any offer to buy any securities of Volvo Cars, and such securities (the “Securities”) in the United States, Australia, Canada or Japan or in any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of such jurisdiction.

Volvo Cars, the largest shareholder in premium electric vehicle company Polestar, today welcomes the plans announced by Polestar to list on the Nasdaq stock exchange in New York.

Volvo Cars is taking an ethical stand for animal welfare in its fully electric cars.