Volvo Cars is outlining its ambition to offer its customers of Recharge cars comprehensive and easy access to public charging. It aims to do so by continuously lowering charging costs across the board for its customers, improving the charging experience, and expanding its charging networks.
In many ways, the Volvo C40 Recharge represents the future of Volvo Cars: it is the first Volvo model in history designed as pure electric only, and will be offered online with a convenient Care offer. Its SUV elements and benefits combined with a lower profile means that Volvo Cars also enters a new segment – and it does so with cutting-edge design and features not previously seen on Volvo cars.
Volvo Cars today made a significant step towards its ambition of making its global manufacturing network climate neutral by 2025, announcing that its Torslanda site in Sweden is its first car manufacturing plant to reach fully climate neutral status.
The Board of Volvo Cars has decided to evaluate the possibility of an initial public offering (IPO) of the company on the Nasdaq Stockholm stock exchange later this year. A final decision to list will be subject to market conditions and there can be no certainty that a listing will proceed. It has also decided to extend chief executive Håkan Samuelsson’s contract to the end of 2022.