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Volvo braces for challenging year ahead after more than doubling EV sales and breaking revenue record in 2022

Volvo EV sales

Volvo Cars has shared its full year report for 2022, showcasing record revenue numbers for the automaker’s entire history as it moves closer to becoming a fully-electric brand. After a strong share of EV sales in Q4, Volvo’s total percentage for the year more than doubled compared to 2021, but the automaker warns that although it successfully navigated a turbulent 2022, 2023 could prove to be just as challenging.

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Breaking down Geely Group’s 5% sales growth by automaker, including Volvo Cars and Polestar

Geely Group

Chinese automotive conglomerate Geely Group has posted its annual sales results for 2022, which accounted for more than 2.3 million vehicles sold and nearly 5% growth overall. Although not all of those sales were all-electric models, EVs accounted for nearly a third of them. Here’s how each of the Group’s EV brands performed in 2022.

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Volvo unveils bespoke EX90 electric SUV as ‘the safest vehicle it has ever produced’

Volvo EX90

During a global livestream event from Sweden today, Volvo Cars has officially unveiled its upcoming EX90 SUV, sharing a myriad of safety features, advanced technologies, and sustainable materials that combine within this bespoke EV. Volvo also teased a second model coming next year, but more on that later. There’s lots to explore here, so let’s dig in.

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The EX90 will arrive as Volvo’s first EV with bi-directional charging and the ability to power your home

Volvo EV charging

Volvo Cars continues to offer fresh tidbits pertaining to its upcoming all-electric flagship SUV – the EX90. Ahead of its full debut in November, we have now learned that the latest EV will the first Volvo to include bi-directional charging, arriving with the technology to power your home, devices, and eventually send surplus energy back to the electrical grid.

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Volvo’s all-electric EX90 will succeed XC90 SUV and include a LiDAR-powered ‘invisible shield of safety’

Volvo EX90

Volvo Cars has begun teasing a new flagship electric SUV called the EX90, set to become the successor to the popular XC90 model as it pivots toward an all-electric future. The full reveal of the new EV won’t happen until this fall, but Volvo is already calling the EX90 its safest vehicle to date and has shared some of the technologies we can expect to see inside and out.

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Volvo and Starbucks team up on Chargepoint DC fast charging network test from Seattle to Colorado

US retailers EV charging

One area of the EV experience that traditional automakers seem to have little thirst for is the DC fast charging network that recharges their cars over long drives or in cities where Level 1/2 charging is inaccessible. Volvo is now exploring its own DC Fast Charging network of sorts, and it’s teamed up with charging heavyweights Starbucks and Chargepoint to do so…

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First look: 2022 Volvo XC60 Recharge PHEV boosted to 35 EV miles

Volvo XC60 Recharge

Volvo flew us out to sunny Palm Springs to test the relatively new C40 BEV. But the Gothenburg, Sweden-based company couldn’t help but give us a quick drive in the bigger XC60 Recharge plug-in hybrid while we waited. The mid-sized SUV got a nice upgrade this year to 35 miles of all-electric driving in its “Pure” mode. That puts it into our “if you can commute without using gas, it’s an EV” category, but that wasn’t the only improvement…

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Volvo Cars to invest over $1 billion to upgrade Swedish plant with tech-like mega casting for its next generation of BEVs

Volvo cars plant

Volvo Cars has shared news that it plans to invest SEK 10 billion (~$1.09 billion) in its Torslanda manufacturing plant in Sweden, to deliver advanced production practices for its next generation of fully electric vehicles. This includes mega casting of aluminum body parts, a new battery assembly plant, and more.

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Volvo and Northvolt poach Tesla’s head of Gigafactory Berlin to lead new 50 GWh battery factory in Sweden

Volvo and Northvolt announced plans today to build their previously announced battery gigafactory in Gothenburg, Sweden and hired a Tesla executive to lead the new plant.

It will have an annual capacity of up to 50 GWh to support the production of 500,000 electric cars per year, with operations aimed to start by 2025.

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Volvo previews sleek upgrades to Android OS infotainment system for the Polestar 3 and other upcoming EVs

Volvo infotainment

Volvo Cars has announced it will use Qualcomm’s Snapdragon 3rd generation digital cockpit technology to help power its infotainment system. Together with Google’s Android Automotive Operating System (AAOS), this upgrade will mean a faster infotainment system offering an ecosystem of features for future drivers of the Polestar 3, Volvo’s forthcoming electric SUV, and other upcoming EVs.

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