Latest news from Volvo:
In 2022 Volvo will be revealing their all electric successor to the XC90. This new successor will have a host of new sensors and computers for more advanced driving assistance. The all electric successor will have lidar, which is similar to radar but uses light waves instead of radio waves to detect objects.
Volvo is set to launch a public offering (PO). Volvo shares are to be listed on the Swedish Nasdaq Stockholm exchange and are expected to start trading before the end of the 2021 year. Geely is the current owner of Volvo and will stay on as the main shareholder after the PO.
Polestar is also going to go public before the 2021 year is out. Volvo will still own half of the company.