Business, Technology

Chinese Billionaire Sells $1.6 Billion Daimler Truck Stake

Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group Co. has divested its 6.3% stake in truck maker Daimler Truck Holding AG, equivalent to roughly $1.6 billion.

Rafaela Lindeberg | Bloomberg News
March 16, 2023
Business, Technology

Coke’s Electric Renault Trucks Debut Before Tesla’s Pepsi Semis

Renault Trucks has helped Coca-Cola beat Pepsi and Tesla Inc. to the punch on electric deliveries. Coca-Cola will start using battery trucks from the Volvo AB-owned brand for local trips in Belgium on Nov. 24.

Rafaela Lindeberg | Bloomberg News
November 28, 2022
Business, Technology, Fuel

Polestar to Share Battery Tech With Boat Maker

Electric carmaker Polestar Automotive Holding has agreed to share battery technology with Candela Speed Boat AB, a startup trying to electrify leisure boats and water taxis.

Rafaela Lindeberg | Bloomberg News
August 23, 2022
Business, Technology, Equipment, Fuel

Volvo Plans to Make Its Own Batteries in Electric Truck Shift

Volvo AB plans to build a “large-scale” battery plant in Sweden to meet an expected surge in demand for electric trucks and buses.

Rafaela Lindeberg | Bloomberg News
August 3, 2022
Government, Business, Technology, Safety, Autonomous

Einride Gets NHTSA Approval to Test Driverless Pods on US Roads

Electric truck maker Einride AB has received approvals to test its driverless vehicle on public roads in the U.S., paving the way for the company to conduct a pilot with partner GE Appliances.

Rafaela Lindeberg | Bloomberg News
June 23, 2022
Business, Equipment

Volvo Takes $423 Million Hit as Russia Business Halted

Volvo AB said Russia’s war in Ukraine has forced it to make provisions in the first quarter totaling $423 million that will have a negative impact on operating income.

Rafaela Lindeberg | Bloomberg News
April 8, 2022
Business, Technology, Fuel

Northvolt Plans a Third Battery Materials Factory in Sweden

Northvolt AB plans to convert a closed paper mill in Sweden into a new battery materials factory, adding a third production facility in the Nordic country to supply demand fueled by the growing electrification of transport.

Rafaela Lindeberg | Bloomberg News
February 25, 2022
Business, Technology, Logistics

Volvo Warns More Chip Woes Will Curtail Truck Production

Volvo Group said the chip shortages and supply chain snarls will continue to cap truck making, leaving the Swedish manufacturer with little choice but to turn away some customers.

Rafaela Lindeberg | Bloomberg News
October 21, 2021
Business, Technology, Equipment

New EV Charger Can Provide 62 Miles of Range in 3 Minutes

ABB Ltd. is preparing to roll out the first of its ultra-fast charging stations in a matter of weeks, providing enough power in less than three minutes to charge any electric car to drive 62 miles.

Rafaela Lindeberg | Bloomberg News
September 30, 2021
Government, Business

With Talks on Ice, Deadline Slips for EU Trade Deal With US

The European Union won’t clinch a trade deal with the U.S. by Nov. 1 as originally targeted, according to the bloc’s chief trade negotiator.

Rafaela Lindeberg | Bloomberg News
August 23, 2019