Volvo mulls IPO on Swedish exchange
The automaker, which is controlled by China s Zhejiang Geely Holding, abandoned merger plans with sister brand Geely Automobile in February
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Volvo Cars is considering an initial public offering on the Nasdaq Stockholm stock exchange later this year.
The Swedish automaker, which is controlled by China s Zhejiang Geely Holding, abandoned merger plans with its Hong Kong-listed sister brand, Geely Automobile, in February. During that announcement Volvo hinted that it may seek a listing of its own.
Volvo said in a statement Wednesday that the potential listing could be a logical next step on the company s capital market journey.
Volvo mulls initial public offering in Sweden
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Volvo will provide cars for Didi s self-driving test fleet
XC90s will be part of the initial fleet, with the aim of adding more as testing expands
Reuters
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Volvo will provide XC90 SUVs (shown) that DiDi Autonomous Driving will integrate with its new self-driving hardware platform.
Volvo has signed an agreement to provide cars to the autonomous driving technology unit of China s top ride-hailing firm, Didi Chuxing, for its self-driving test fleet.
Volvo will provide XC90 SUVs equipped with backup steering and braking systems that DiDi Autonomous Driving will integrate with DiDi Gemini, its new self-driving hardware platform, the automaker said in a statement on Monday.
BMW ramps up electric vehicle offerings
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