The Swedish automaker Volvo announced on Wednesday that will publish its Q1 2022 financial results on April 28. President & CEO Jim Rowan and CFO Björn Annwall will host a press conference for media at 09:30 CET , and a presentation for investors and analysts at 10:30 am the same day. The presentations will be held in English and are followed by Q&A sessions. The conference can be followed at live.volvocars.com.
Volvo, through the Volvo Cars Tech Fund, announced on April 19 that has made a strategic investment in StoreDot, the pioneer of extreme fast charging technologies for electric vehicles. StoreDot is on track to begin mass producing its ‘100in5’ cells as early as 2024, achieving 100 miles of charge in just five minutes. The investment gives Volvo Cars the opportunity to collaborate closely with StoreDot on exciting new battery technology, as it aims to become a pure electric car company by 2030.
The automaker announced recently that delivered 58,677 vehicles in March 2022, a 22.1% decline year-over-year. When it comes to rechargeable vehicles, sales of Volvo Cars’ recharge models made up 35.5% of all Volvo cars sold globally during the month. Sales of fully electric cars made up 9.0% of total sales. In the first quarter, Recharge sales made up 33.6% of total sales, while fully electric cars made up 7.9 per cent.
Volvo’s CEO was among the invited CEOs to speech at the 8th China EV 100 (held in Beijing from March 25 to 27), being the first public appearance of Mr. Jim Rowan since he took up his new position at Volvo Cars.
Volvo Cars announced recently that is experiencing a temporary worsened production situation, expected to last throughout the second quarter due to lack of a specific type of semi-conductor. The company said that will work with suppliers and partners to resolve any disturbances to production and deliver vehicles to customers “as soon as possible”.