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Volvo Ab (VLVLY) drives innovation in commercial transportation and industrial solutions through its heavy trucks, construction equipment, and digital services. This news hub provides investors and industry professionals with essential updates on the company developments shaping global infrastructure and sustainable mobility.
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Bookmark this page for streamlined access to critical information about one of heavy vehicle manufacturing's most influential players. Check regularly for new insights into Volvo Ab's evolving role in building efficient, connected transportation ecosystems.
Professor Frank Biermann has been awarded the Volvo Environment Prize 2024 for his research on environmental governance. As a political scientist at Utrecht University, Biermann focuses on reforming global institutions to address sustainability challenges. His analysis of 3,000 studies revealed that the UN's Sustainable Development Goals have had minimal impact so far. Biermann advocates for more powerful institutions to tackle issues like climate change.
The award recognizes Biermann's contributions to international environmental governance and his role in the Earth System Governance Project. He has also been vocal against solar geoengineering, calling for a non-use agreement. The Volvo Environment Prize, now in its 35th year, will be celebrated on October 15th in Stockholm, Sweden.
Volvo Financial Services (VFS) and JA Worldwide have reached over 10,000 students with financial literacy curriculum in 2024, bringing their total impact to 24,000 students since last year. The program, supported by 180 VFS employee volunteers, focuses on skills like entrepreneurial thinking, budgeting, and career development. VFS has expanded the initiative to 12 markets, including new additions Canada, Romania, and Sweden.
The partnership aligns with Volvo Group's sustainability goals and the UN's Sustainable Development Goals. Programs are tailored to local needs, such as 'JA It's My Future' in the U.S. and the JA Company Program in Italy. VFS President Marcio Pedroso emphasized the program's potential to change students' futures through improved financial literacy.
Volvo Trucks (VLVLY) has announced a breakthrough in electric truck technology with its upcoming FH Electric model, capable of driving up to 600 km on a single charge. Set for release in the second half of 2025, this long-range version will enable zero-emission transport for longer distances, allowing a full working day without recharging. The extended range is made possible by Volvo's new e-axle technology, creating space for more battery capacity.
As a global leader in electric trucks, Volvo has delivered over 3,800 electric trucks to customers in 46 countries. The company is committed to reaching net-zero emissions by 2040, utilizing a three-path technology strategy including battery electric, fuel cell electric, and renewable fuel combustion engines.
Volvo Construction Equipment (Volvo CE) unveiled its latest product lineup at Volvo Days 2024, emphasizing sustainability and productivity. The event showcased modernized excavators, the first electric wheeled excavator, and a range of new digital tools. Significant products include the Volvo EC500, EC400, and EC230 excavators, supported by new smart applications for increased business potential. Volvo CE introduced new electric solutions such as the EWR150 Electric and L90 Electric wheel loaders, with a broad range of charging solutions. A focus on total solutions tailored to customer needs, including collaborations with Volvo Financial Services and Volvo Trucks, was highlighted. This holistic approach aims to drive the construction industry's decarbonization and meet societal challenges.
The Assar Gabrielsson Foundation has announced the 2024 prize recipients: Anna Wenger and Sara Bjursten. Anna Wenger received the award for her advanced studies on malignant gliomas in children and adults, focusing on epigenetic differences and cancer stem cells, which could enhance diagnostics and treatment options. Sara Bjursten was recognized for her clinical research on immunotherapy and its side effects on the central nervous system. Both recipients will receive SEK 100,000 each for their research. The awards are managed by the Sahlgrenska Academy at the University of Gothenburg.
The number of votes in AB Volvo has changed due to the conversion of 100 Series A shares to 100 Series B shares. As of April 30, 2024, there are 2,033,452,084 registered shares in AB Volvo, with 444,984,560 Series A shares and 1,588,467,524 Series B shares. The company's total number of votes is 603,831,312.4.
