Volvo

UAE's EV and EV Charging Equipment Market: Set for Explosive Growth to USD 1.77 Billion by 2028

Retrieved on: 
Monday, February 5, 2024
AC, Growth, Research, RTA, Government, Transport, Public transport, EV, Volvo, Mercedes-Benz, CO2, Hyundai, BMW

GURUGRAM, India, Feb. 5, 2024 /PRNewswire/ -- Ken Research unveils an extraordinary projection for the UAE's EV and EV Charging Equipment Market, forecasting its growth to USD 1.77 billion by 2028, a notable CAGR of 23.7% from 2023. This surge marks a pivotal shift in the UAE's approach to sustainable transportation and automotive technology. 

Key Points: 
  • GURUGRAM, India, Feb. 5, 2024 /PRNewswire/ -- Ken Research unveils an extraordinary projection for the UAE's EV and EV Charging Equipment Market , forecasting its growth to USD 1.77 billion by 2028, a notable CAGR of 23.7% from 2023.
  • From a modest USD 60.3 million in 2017, the UAE's EV market has skyrocketed to USD 329.1 million in 2022.
  • The UAE EV market is set for continuous growth with increasing environmental awareness, technological advancements, and the expansion of charging networks.
  • Discover our custom market research services and gain actionable insights by visiting Ken Research's EV and EV Charging Equipment Market Analysis.

"The TopBrand 2023 World's Top 500 Brand Figures" Released, Elon Musk, Bill Gates, and Taylor Swift Rank in the Top Three

Retrieved on: 
Friday, February 2, 2024
Secondary school, Senior, MPV, Male, WH Group, Research, Car, BYD, Government, NBA, NVIDIA, Science, BGI Group, Peking University, Amazon, LeBron James, National school, Volvo, Automotive industry, Microsoft, Speech, Geely, Executive, Female, Social responsibility, Gree Electric, ALS, Woman

In the "TopBrand 2023 World's Top 500 Brand Figures," the top seven spots were all occupied by individuals from the United States.

Key Points: 
  • In the "TopBrand 2023 World's Top 500 Brand Figures," the top seven spots were all occupied by individuals from the United States.
  • Cristiano Ronaldo, the Portuguese football superstar, rounded out the top ten as the "goalkeeper" of the world's brand figures.
  • Dr. Wang Yong, Chairman of the Topbrand Union and founder and chairman of the China Brand Festival, announced the "TopBrand 2023 World's Top 500 Brand Figures" list.
  • Furthermore, at this summit, the "TopBrand China's Top Ten Brand Figures of the Year" was announced for the 18th consecutive year.

Polestar Welcomes Geely’s Long-Term Commitment to Its Development and Growth as an Independent Exclusive Performance Brand

Retrieved on: 
Thursday, February 1, 2024
Automotive Manufacturing, Manufacturing, General Automotive, Automotive, EV, Electric Vehicles, Multimedia, Car, Volvo, Automotive industry, Geely, Volvo Cars

Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, welcomes Geely Sweden Holding as a potential direct new shareholder.

Key Points: 
  • Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, welcomes Geely Sweden Holding as a potential direct new shareholder.
  • Volvo Cars is evaluating a potential adjustment to its shareholding in Polestar including a distribution of shares to its shareholders, with Geely Sweden Holding being the primary recipient.
  • Volvo Cars will remain a strategic partner in areas across R&D, manufacturing, after sales and commercial.
  • Thomas Ingenlath, Polestar CEO, says: “With our growing line-up of exclusive, performance cars, Polestar is in one of the most promising phases of its development.

Volvo Cars 2023 profit increases by 43 percent to deliver a record year in the company's 97-year history

Retrieved on: 
Thursday, February 1, 2024
SUV, Growth, ICE, Geely, Lithium, Car, Environment, PIN, IPO, Investment, EV, Q&A, Volvo, Polestar 3, EVS, Letter, Software, Automotive industry

Volvo Cars had a record-breaking year in 2023 and today reports the highest full-year retail sales, revenues and operating profit in its 97-year history.

Key Points: 
  • Volvo Cars had a record-breaking year in 2023 and today reports the highest full-year retail sales, revenues and operating profit in its 97-year history.
  • A new all-time sales record of 708,716 cars enabled revenues to rise by 21 per cent to SEK 399.3 billion for the full year 2023.
  • During the second half of 2023, Volvo Cars also saw gross profit margins on its electric cars increase fourfold versus the end of 2022 to 13 per cent.
  • Volvo Cars expects this will boost growth from 2024 and will significantly increase its share of fully electric cars versus 2023.

Exro Announces Merger with SEA Electric to Create Leading e-Mobility Technology Company

Retrieved on: 
Tuesday, January 30, 2024
Mountain, OEM, LLP, Special, Transaction, VWAP, Toronto Stock Exchange, Chair, Mergers and acquisitions, Volvo, Sale, AB, TSX, Acquisition, Offering, EV, Calendar, Cell, Consideration, Patent, Reference, Growth, Security (finance)

CALGARY, AB, Jan. 30, 2024 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro") and SEA Electric Inc. ("SEA" or "SEA Electric") announced today that they have entered into an agreement (the "Merger Agreement") providing for the acquisition of SEA by Exro (the "Transaction").

Key Points: 
  • CALGARY, AB, Jan. 30, 2024 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro") and SEA Electric Inc. ("SEA" or "SEA Electric") announced today that they have entered into an agreement (the "Merger Agreement") providing for the acquisition of SEA by Exro (the "Transaction").
  • "We are pleased to announce the merger between Exro and SEA Electric, which unites our complementary EV technology platforms and unlocks substantial opportunities for growth and path to profitability.
  • SEA Electric produces the SEA-Drive propulsion technology that controls all the components that electrify a vehicle.
  • The Merger Agreement also contains customary representations, warranties and covenants, including non-solicitation covenants applicable to Exro and SEA.

Exro Announces Merger with SEA Electric to Create Leading e-Mobility Technology Company and Concurrent C$42 Million Capital Raise Transactions

Retrieved on: 
Tuesday, January 30, 2024
Mountain, Legislation, Sale, Offering, Calendar, Consideration, Growth, OEM, Special, Transaction, Underwriting, Mergers and acquisitions, Volvo, AB, Cell, Patent, LLP, Chair, Public expenditure, TSX, Acquisition, Regulation, Exercise, NOT, VWAP, Toronto Stock Exchange, Engagement, Regulation D, Person, EV, News, Reference, Security (finance)

Concurrent C$42 Million capital raise to fund capital expenditures, working capital, and general business requirements

Key Points: 
  • Concurrent C$42 Million capital raise to fund capital expenditures, working capital, and general business requirements
    CALGARY, AB, Jan. 30, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro") and SEA Electric Inc. ("SEA" or "SEA Electric") announced today that they have entered into an agreement (the "Merger Agreement") providing for the acquisition of SEA by Exro (the "Transaction").
  • "We are pleased to announce the merger between Exro and SEA Electric, which unites our complementary EV technology platforms and unlocks substantial opportunities for growth and path to profitability.
  • SEA Electric produces the SEA-Drive propulsion technology that controls all the components that electrify a vehicle.
  • In addition, Exro will assume approximately US$46 million (C$62 million) in SEA net debt as part of the Transaction.

Automotive Lighting Market worth $30.4 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, January 30, 2024
Transport, NHTSA, Halogen lamp, European, Headlamp, OLED, Lighting, Daimler, Hella, Traction, Volkswagen, OSRAM, Stanley Electric, Developed country, LED, Porsche, Government, BMW, Volvo, ADAS, BLADE, GLARE, Mercedes-Benz, Hyundai, CHMSL, Original equipment manufacturer, DRL, AUDI, SUV, Light-emitting diode, Fatality, Growth, Rail transport

The exterior lighting application is projected to lead the automotive lighting market during the review period.

Key Points: 
  • The exterior lighting application is projected to lead the automotive lighting market during the review period.
  • Thus, such advancement in exterior lighting is transforming the overall automotive lighting industry which will drive this market in upcoming years.
  • The LED lighting market will become a prominent technology in the automotive industry by the end of 2030 as it is more efficient than other technologies and is useful for adaptive lighting features.
  • On the other hand, mid-priced cars are getting installed with hybrid lighting, which combines halogen and LED lighting.

Automotive Lighting Market worth $30.4 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, January 30, 2024
Transport, NHTSA, Halogen lamp, European, Headlamp, OLED, Lighting, Daimler, Hella, Traction, Volkswagen, OSRAM, Stanley Electric, Developed country, LED, Porsche, Government, BMW, Volvo, ADAS, BLADE, GLARE, Mercedes-Benz, Hyundai, CHMSL, Original equipment manufacturer, DRL, AUDI, SUV, Light-emitting diode, Fatality, Growth, Rail transport

The exterior lighting application is projected to lead the automotive lighting market during the review period.

Key Points: 
  • The exterior lighting application is projected to lead the automotive lighting market during the review period.
  • Thus, such advancement in exterior lighting is transforming the overall automotive lighting industry which will drive this market in upcoming years.
  • The LED lighting market will become a prominent technology in the automotive industry by the end of 2030 as it is more efficient than other technologies and is useful for adaptive lighting features.
  • On the other hand, mid-priced cars are getting installed with hybrid lighting, which combines halogen and LED lighting.

Elevating the Waves of Luxury with Cobalt Boats' New Models

Retrieved on: 
Wednesday, January 24, 2024
Garmin, Family, Harman Kardon, Temperature, Volvo, Discover, Water, CS22, Seagrass, LOA, Cobalt Boats, R33, Pleasure, Zenith

NEODESHA, Kan., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Cobalt Boats introduces a new era of excitement in the world of day-boat luxury.

Key Points: 
  • NEODESHA, Kan., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Cobalt Boats introduces a new era of excitement in the world of day-boat luxury.
  • At this year's Discover Boating® Chicago Boat Show, New England Boat Show, and Atlanta Boat Show, Cobalt Boats proudly unveiled four new models that redefine sophistication, size, comfort, and performance.
  • The largest surf boat ever built by Cobalt, this boat provides long, powerful waves created by our patented Surf GateTM technology that cannot be matched.
  • Cobalt's President, Jason Turner, expressed, "All four new models are a perfect blend of quality, luxury, and refinement.

Volvo Trucks North America Unveils New Heavy-Duty Truck Designed to Change Everything

Retrieved on: 
Tuesday, January 23, 2024
Shift, CO2, Noise, ISO, ISO 50001, Volvo, Volvo Trucks, GRAS, Temperature, Paper, Volvo VN, Fatigue, DEF, Pivotal, OTA, Crash, Rest, Hydrogen, Platinum, D13, Safety, Transport, System, Voorhoeve, Automotive industry

However, change doesn’t only come with a redesigned truck — this product introduction is the start of a new era for Volvo Trucks, our customers, and their drivers — a quantum leap forward,” said Peter Voorhoeve, president, Volvo Trucks North America.

Key Points: 
  • However, change doesn’t only come with a redesigned truck — this product introduction is the start of a new era for Volvo Trucks, our customers, and their drivers — a quantum leap forward,” said Peter Voorhoeve, president, Volvo Trucks North America.
  • To learn more about Volvo Trucks North America and the all-new Volvo VNL, visit the company website .
  • Volvo Trucks North America, headquartered in Greensboro, North Carolina, is one of the leading heavy-duty truck manufacturers in North America.
  • Volvo Trucks North America provides complete transport solutions for its customers, offering a full range of diesel, alternative-fuel and all-electric vehicles, and is part of the Volvo Trucks global organization.