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CEO Thomas Ingenlath says he prioritizes value over volume, therefore he wants the EV maker to carve out a space for itself in the premium segment "rather than producing smaller, cheaper cars."
The Swedish automobile maker's new EV supports bi-directional charging, allowing owners to transfer electricity from the car to their home.
Volvo plans to be electric-only by 2030. CEO Rowan believes it can achieve its goals. He points to Tesla as proof, suggesting that rivals need to move quickly.
CEO Swamy Kotagiri says the supplier's content per vehicle is poised to rise sharply in EVs for products such as all-wheel-drive systems, while Magna's new battery enclosures business is forecast to reach sales of more than $1.5 billion by 2027.
Join Automotive News Europe Managing Editor Douglas A. Bolduc for a weekly podcast. He will speak with industry experts, insiders and Automotive News Europe reporters about all facets of the European auto sector. With its BMW contract manufacturing deal due to run out in 2023, VDL Nedcar is looking for the right customer -- or customers -- to fill the pending void. CEO John van Soerland is talking with a wide range of startups in China and the U.S. as Nedcar sees the shift to electrified cars as a huge opportunity. He says vetting process reminds him of a familiar fairy tale. and his job i...