{"id":12703,"date":"2021-11-01T00:06:45","date_gmt":"2021-11-01T04:06:45","guid":{"rendered":"https:\/\/autosector.com\/auto\/?p=12703"},"modified":"2021-11-01T00:06:45","modified_gmt":"2021-11-01T04:06:45","slug":"volvo-stock-jump","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=12703","title":{"rendered":"Volvo Shares Jump More Than 20% On Stock Market Debut"},"content":{"rendered":"

Volvo<\/a> shares rose by 22% on their Stockholm market debut last Friday, with the Swedish brand going public due to increased investor demand for EV manufacturers. Volvo CEO H\u00e5kan Samuelsson believed the listing was a key part of Volvo’s electric transition, stating the following:<\/p>\n

\n

“There’s a much bigger interest in the market to invest in\u00a0electric car\u00a0makers than in the conventional ones. So we better do what we said we would.”<\/p>\n<\/blockquote>\n

Volvo, who are owned by Chinese brand Geely<\/a>, valued themselves at $18 billion ahead of their IPO. However, strong investor demand for the firm has seen their value now rise to $22 billion. The market seemingly reacted strongly to Volvo\u2019s dedication to go electric \u2013 with the marque aiming to only produce EVs by 2030.<\/p>\n

Another key reason for Volvo\u2019s surge in value is their electric sub-brand, Polestar. Volvo technically owns 49% of Polestar, who themselves aim to go public via a $20 billion SPAC deal in the coming months.<\/p>\n

Volvo currently sells two all-electric vehicles, the XC40 Recharge<\/a> and the C40 Recharge<\/a> \u2013 both share a platform and many components. The Swedish firm aims to replace all of its current lineup with EVs, starting with the full-sized XC90 SUV<\/a>. Interestingly, the XC90\u2019s replacement will have a different name and should share a dedicated EV platform with the upcoming Pole<\/span>star 3<\/span>. Expect both to go on sale in 2023.<\/span><\/p>\n

<\/section>\n","protected":false},"excerpt":{"rendered":"

Volvo shares rose by 22% on their Stockholm market debut last Friday, with the Swedish brand going public due to increased investor demand for EV manufacturers. Volvo CEO H\u00e5kan Samuelsson believed the listing was a key part of Volvo’s electric transition, stating the following: “There’s a much bigger interest in the market to invest in\u00a0electric […]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-12703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/12703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12703"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/12703\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12703"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}