In the United States, Volvo has enlisted the help of an Israeli technology firm to develop automated inspection systems

Swedish manufacturer Volvo has chosen Israeli startup UVeye to supply its artificial intelligence-powered, camera-based vehicle inspection technology to US stores.

UVeye said in a statement on Thursday that the devices would be placed at select East Coast stores, with the business hopin...

UK: WAYLANDS TO OPEN NEWLY BUILT VOLVO CAR DEALERSHIP IN BRISTOL

Highlights:

• The company Waylands is all set for opening the Volvo car dealership in Bristol in United Kingdom
• This new franchise is going to commence in the month of August 2021 with the completion of the dealership

The Waylands has ...

GEELY AUTOMOBILE HOLDINGS TO FORM JV WITH ZEEKR FOR ELECTRIC VEHICLES

Highlights –

• Geely Automobile Holdings to form JV with Zeekr for electric vehicles.
• Geely Automobile Holdings Ltd.'s profit fell 32% in 2020.
• Geely Automobile will invest 2 billion yuan jointly with parent Zhejiang Geely Holding G...

VOLVO: CHIP SHORTAGE STOPS TRUCK PRODUCTION IN BELGIUM

Highlights:

• The company Volvo said that, the production at the factory of Volvo in Belgium has stopped due to the shortage of the chips
• The spokesperson for the company said that, this week they do not had any production line

The com...

VOLVO CARS TO TRIPLE ITS PRODUCTION CAPACITY OF ELECTRIC CARS IN BELGIUM

Highlights:

• The company ‘Volvo’ is going to triple the production capacity of the electric car in Belgium
• The capacity of the company has been increased as the company has recorded total sales of the electric cars more than double in the y...

CHINA’S BAIDU AND GEELY’S MERGER TO ROLLOUT WITH SMART CARS

• Baidu will hone in with smart driving dynamics while Geely will offer design and manufacturing saliency.
• Geely is a pioneer in china’s automobile industry, and also is proprietor of Volvo and owns a stake in Mercedes-Benz owner Daimler.

The two companies...

VOLVO BUSES GETS NEW ORDERS FOR ELECTRIC BUSES IN NORWAY

Highlights:

• Volvo buses makes new orders for electric buses in Norway
• The company recently announced that it 150 fully electric buses in operation by next summer

Norway is one of the most active nations when it comes to reducing the ...

GEELY AUTOMOBILE PLANS TO MERGE WITH VOLVO CARS

Highlights

• In 2019, Geely Automobile sold 1.36 million cars 
• While Volvo sold over 700,000 cars

Geely Automobile and Volvo Cars plans to merge. They further plan to list in Hong Kong along with Stockholm, possibly. It will provi...

Powercell Sweden AB purchased a 4.1 per cent stake in the Swedish manufacturer of fuel cell technology

A longtime major shareholder in Powercell Sweden AB (STO: PCELL), a venture capital firm Midroc New Technology (MNT), has emerged as an investor and purchased a 4.1 per cent stake in the Swedish manufacturer of fuel cell technology.

Finindus, a Belgian investment company owned by Arcelo...