This should help the carmaker go fully electric sooner than planned.
Volvo is one auto manufacturer to look out for. The Swedish car builder, owned by Zhejiang Geely Holding, has had a brilliant start to 2021 thanks to record-breaking sales and also celebrates the launch of its first fully electric car, the XC40 Recharge. Not only is the brand posting amazing sales figures, but it has recently achieved 80 percent renewable energy usage worldwide, and is currently working on creating a climate-neutral city in the Gothenburg Green City Zone. These are all very ambitious achievements and goals, but Volvo is currently looking at making a seriously risky decision: the Swedish brand is evaluating a potential initial public offering (IPO) of the company on the Nasdaq Stockholm stock exchange sometime this year.
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DETROIT (Reuters) - Electric car maker Fisker Inc has finalized its vehicle-assembly deal with Foxconn Technology Co Ltd, including plans to open a U.S. plant in 2023, the companies said on Thursday.
FILE PHOTO: Henrik Fisker, CEO of Fisker Inc, speaks during the Chicago Auto Show, February 7, 2013. REUTERS/John Gress/File Photo
The plant’s location has not been identified, but Fisker Chief Executive Henrik Fisker said four states are under consideration, including Foxconn’s plant site in Wisconsin. Foxconn Chairman Liu Young-way previously said electric vehicles (EVs) have a “promising future” in Wisconsin but did not elaborate.
This should help the carmaker go fully electric sooner than planned.
Volvo is one auto manufacturer to look out for. The Swedish car builder, owned by Zhejiang Geely Holding, has had a brilliant start to 2021 thanks to record-breaking sales and also celebrates the launch of its first fully electric car, the XC40 Recharge. Not only is the brand posting amazing sales figures, but it has recently achieved 80 percent renewable energy usage worldwide, and is currently working on creating a climate-neutral city in the Gothenburg Green City Zone. These are all very ambitious achievements and goals, but Volvo is currently looking at making a seriously risky decision: the Swedish brand is evaluating a potential initial public offering (IPO) of the company on the Nasdaq Stockholm stock exchange sometime this year.
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.
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