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AUTOMOTIVE INDUSTRY: SWEDISH OEM VOLVO CARS HAS RELEASED Q4 & FULL YEAR 2023 RESULTS: GROWTH IN UNIT SALES & SALES REVENUE, DECLINE IN PROFITABILITY. - 1/2: ANNUAL REPORT. Q4 2023 Unit Deliveries: 199,600 vehicles or +7% vs Q4 2022 Full Year 2023 Unit Deliveries: 708,700 vehicles or +15% vs Full Year 2022 Q4 2023 Sales Revenue: SEK 109.4B (approximately $15.52B) or +4% vs Q4 2022 Full Year 2023 Sales Revenue: SEK 399.3B (approximately $38.4B) or +21% vs Full Year 2022 Q4 2023 Net Profit: SEK 3.3B (approximately $317M) or +17% vs Q4 2022 Full Year 2023 Net Profit: SEK 14.1B (approximately $1.36B) or -17% vs Full Year 2022 $1 = SEK 10.40 Below is Volvo Cars' 2023 Annual Report with more detailed analysis - it also lists all JVs including Polestar. #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #roadtransportation #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization ##2023results #q42023results #outlook #2024outlook #volvo #volvocars #geely #polestar

AUTOMOTIVE INDUSTRY: SWEDISH CAR MAKER VOLVO CAR GROUP HAS RELEASED Q1 2024 RESULTS: GROWTH IN UNIT SALES, DECLINE IN SALES REVENUE & PROFITABILITY. Q1 2024 Truck Deliveries: 183K vehicles or +12% vs Q1 2023 Q1 2024 Sales Revenue: SEK 93.878B (approximately $8.5B) or -1.9% vs Q1 2023 Q1 2024 Net Profit: SEK 3.587B (approximately $326M) or -9.8% vs Q1 2023 $1 = SEK 11 Below is Volvo Cars' Q1 2024 results presentation which includes an updated outlook for the coming years and an interesting comparison of EVs vs. ICE vehicle business (page 15). #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #roadtransportation #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #q12024 #q12024results #outlook #2024outlook #volvo #volvocars #geely #polestar

AUTOMOTIVE INDUSTRY: SWEDISH CAR MAKER VOLVO CAR GROUP HAS RELEASED Q1 2024 RESULTS: GROWTH IN UNIT SALES, DECLINE IN SALES REVENUE & PROFITABILITY. Q1 2024 Truck Deliveries: 183K vehicles or +12% vs Q1 2023 Q1 2024 Sales Revenue: SEK 93.878B (approximately $8.5B) or -1.9% vs Q1 2023 Q1 2024 Net Profit: SEK 3.587B (approximately $326M) or -9.8% vs Q1 2023 $1 = SEK 11 Below is Volvo Cars' Q1 2024 results presentation which includes an updated outlook for the coming years and an interesting comparison of EVs vs. ICE vehicle business (page 15). #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #roadtransportation #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #q12024 #q12024results #outlook #2024outlook #volvo #volvocars #geely #polestar

AUTOMOTIVE INDUSTRY: SWEDISH OEM VOLVO CARS HAS RELEASED Q4 & FULL YEAR 2023 RESULTS: GROWTH IN UNIT SALES & SALES REVENUE, DECLINE IN PROFITABILITY. - 2/2: RESULTS PRESENTATION. Q4 2023 Unit Deliveries: 199,600 vehicles or +7% vs Q4 2022 Full Year 2023 Unit Deliveries: 708,700 vehicles or +15% vs Full Year 2022 Q4 2023 Sales Revenue: SEK 109.4B (approximately $15.52B) or +4% vs Q4 2022 Full Year 2023 Sales Revenue: SEK 399.3B (approximately $38.4B) or +21% vs Full Year 2022 Q4 2023 Net Profit: SEK 3.3B (approximately $317M) or +17% vs Q4 2022 Full Year 2023 Net Profit: SEK 14.1B (approximately $1.36B) or -17% vs Full Year 2022 $1 = SEK 10.40 Volvo Cars' 2023 Results Presentation below includes many updates on their electrification roadmaps as well as an economic evaluation of Volvo Cars' EV business. #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #roadtransportation #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization ##2023results #q42023results #outlook #2024outlook #volvo #volvocars #geely #polestar

Volvo’s new EVs are attracting Ferrari-like wait times because they are ‘the right products’ After unveiling the EX90 almost two years ago, Volvo’s flagship electric SUV is still in hot demand. Deemed “the safest vehicle” Volvo has ever made, customers continue waiting for the premium electric seven-seater. Volvo Cars CEO Jim Rowan announced EX90 production was being delayed last May due to the “complexity of the software code.” The EX90 isn’t the only one of Volvo’s new EVs attracting Ferrari-like wait times. In Germany, the wait time for Volvo’s most affordable EX30 is up to four months. Volvo hit its highest-ever electrified vehicle sales share last month, primarily due to the new EX30 rolling out. Since launching in December, Volvo has sold 5,863 EX30 models through the first two months of 2024. “It is an achievement that the brand has developed to the point where people are willing to wait that long for a Volvo”

Solid performance for Volvo Cars. The brand definitely has a strong following and loyal customer base in specific markets . Is it WISE Volvo brand phases out hybrid and goes all-in on 100% BEV for 2030?? We don't believe so, given the global market and recent developments. It's 100% BEV sister company Polestar under GEELY ownership continues to struggle for a variety of reasons previously outlined. "Sales of electric models to China, the largest EV market, dropped by 36% despite a 4% hike in overall sales. U.S. performance was mixed for EVs, with 44% growth in HYBRID vehicles but a 65% PLUNGE in all-electric sales. Overall sales growth was 17%." Also note, Ford Motor Company, Mercedes-Benz AG and Volkswagen Group have all scaled back their EV strategies due to recent trends in BEV adoption. Ford today announced a much more concentrated effort to grow it's hybrid model mix until 2030. #automotive #automotiveindustry #sales #innovation #ecommerce #branding #ai #ev #electricvehicles #technology #business #leadership #disruptor

AUTOMOTIVE INDUSTRY: SWEDISH OEM VOLVO CARS HAS RELEASED Q3 2024 RESULTS: GROWTH IN UNIT SALES, STABLE SALES REVENUE, SIGNFICANT INCREASE IN NET PROFIT. Q3 2024 Unit Deliveries: 172.8k vehicles or +3% vs Q3 2023 YTD 2024 Unit Deliveries: 560.9k vehicles or +10% vs YTD 2023 Q3 2024 Sales Revenue: SEK 92.8B (approximately $8.8B) or +1% vs Q3 2023 YTD 2024 Sales Revenue: SEK 289.9B (approximately $27.53B) or -1% vs YTD 2023 Q3 2024 Net Profit: SEK 4.4B (approximately $418M) or +35% vs Q3 2023 YTD 2024 Net Profit: SEK 13.6B (approximately $1.29B) or +27% vs YTD 2023 Conversion rate: $1 = SEK 10.53. Below is Volvo Cars' official Q3 report. #autosales #carsales #carmarket #newcarmarket #vehiclesales #vehicleregistrations #market #marketsegments #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #Q32024 #Q32024results #outlook #2024outlook #volvo #volvocars #Geely

🚗 European automakers are navigating the road to the future in unique ways. Volkswagen Group is boosting its EV lineup, with the retro-inspired ID Buzz landing in the U.S. by year-end. 🌍 Meanwhile, Volvo Group and Polestar are committed to an all-electric future, but market challenges may prompt a shift. JLR continues its EV journey, despite delays, while Ineos is set to launch its second model in the U.S. by year-end. The race toward electrification is on, and these brands are leading the charge ⚡️. Exciting times ahead for the auto industry! #EV #Sustainability #Innovation

AUTOMOTIVE INDUSTRY: SWEDISH OEM VOLVO CARS HAS RELEASED Q3 2024 RESULTS: GROWTH IN UNIT SALES, STABLE SALES REVENUE, SIGNFICANT INCREASE IN NET PROFIT. Q3 2024 Unit Deliveries: 172.8k vehicles or +3% vs Q3 2023 YTD 2024 Unit Deliveries: 560.9k vehicles or +10% vs YTD 2023 Q3 2024 Sales Revenue: SEK 92.8B (approximately $8.8B) or +1% vs Q3 2023 YTD 2024 Sales Revenue: SEK 289.9B (approximately $27.53B) or -1% vs YTD 2023 Q3 2024 Net Profit: SEK 4.4B (approximately $418M) or +35% vs Q3 2023 YTD 2024 Net Profit: SEK 13.6B (approximately $1.29B) or +27% vs YTD 2023 Conversion rate: $1 = SEK 10.53. Below is Volvo Cars' official Q3 report. #autosales #carsales #carmarket #newcarmarket #vehiclesales #vehicleregistrations #market #marketsegments #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #Q32024 #Q32024results #outlook #2024outlook #volvo #volvocars #Geely