|Bid||191.80 x 0|
|Ask||191.72 x 0|
|Day's range||190.82 - 193.62|
|52-week range||148.24 - 223.85|
|Beta (5Y monthly)||1.13|
|PE ratio (TTM)||16.62|
|Earnings date||26 Jan 2023|
|Forward dividend & yield||6.50 (3.69%)|
|Ex-dividend date||07 Apr 2022|
|1y target est||212.19|
Volvo Cars' chief executive is confident the Swedish carmaker will deliver its new electric car by 2024 despite significant supply chain problems, he said on Wednesday. Despite short-term supply chain challenges that have complicated Volvo's transition to electric vehicles (EVs), CEO Jim Rowen told Reuters he believes the problems with parts and components that have hurt the industry are slowly coming to an end, including the global semiconductor chip shortage. The company presented the EX90, its newest EV in Stockholm on Wednesday and said it plans annual launches of new EVs.
Volvo Cars expects lower wholesale volumes this year after higher costs brought a fall in third-quarter operating profit, the Swedish automaker said on Thursday, prompting its share price to drop 6%. Volvo said it had been forced to make spot purchases of semiconductors to fill a production shortfall, with its operating profit hurt by logistics and raw material costs. Despite robust demand through the year, a global shortage of semiconductors has forced Volvo and its peers to curtail vehicle output.
STOCKHOLM (Reuters) -Swedish truck maker Volvo Group said on Wednesday its plant in Ghent in Belgium would start to produce battery modules in 2025. "The investment decision to install battery module manufacturing capacity in Ghent is another important step for the Volvo Group to shape its future value chain for battery systems," it said in a statement. The new manufacturing line would be able to use battery cells both from partners and from a planned battery cell plant in Sweden, Volvo Group said.