21 September 2023
21 September 2023
Geely controlled Volvo Cars said it would stop production of all diesel models by early 2024.
The automaker said it would only sell fully electric cars by 2030.
Last November, Volvo sold its stake in Aurobay, the joint venture company produced its combustion engines.
According to GlobalData, diesel cars accounted for 55.8% of Volvo sales in 2019 but only 11.6% so far in 2023.
BEVs accounted for 16.5% of YTD 2023 sales versus 0 in 2019.
Rising government EV share targets for carmakers remain a challenge - more so with the longer ICE phase-out period
Strike action had earlier been majority approved
Line can be modified, configured and optimised using digital simulations
Chips in solid surface infotainment button bars will appear in high end vehicles
Recycled nylon suitable for automotive parts
Another move in the direction of cleaner energy from Shell’s venture capital arm
Capture inbound enquiries from sector-specific, high-intent buyers who are actively seeking your products and services through Buyer’s Guides.
The automotive sector is undergoing a digital transformation fuelled by changing global supply-chain dynamics, tighter market competition, and rising inflation. AI is a key part of this digital revolution. Focus is directed toward driver assistance features for safety and hazard detection and greater automation of many vehicle processes and functions. Simultaneous localization and mapping (SLAM), facial recognition, and motion tracking will be vital for developing incockpit safety features such as early driver fatigue detection.
Give your business an edge with our leading industry insights.
