NEW ERA – THE CLOSING OF A CIRCLE

NEW ERA – THE CLOSING OF A CIRCLE

This year we marked a new era for Volvo. From Volvo Aktiebolag to a part of Ford to a private asset under Geely Holding to a publicly listed company in Sweden. 22 years. The circle is complete. History will tell us justly and fairly, I believe, that what we witnessed from inside this year, was a course of events that changed the trajectory with which we travel into the future, inevitably and permanently. The same year will be marked in the same history discourse of the future as the year the car industry changed its course forever. The synthesis of the two can be the most exciting journey our generation will ever behold. Or at least for those of us working at Volvo.?

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YOU MAY NOT HAVE KNOWN THE ACRONYM?

You may not have known the acronym or even signed the non-disclosure, however if you work at Volvo chances are that you contributed and helped build something far more valuable than many of us dared dream of 10 years ago. Volvo Cars’ share price / earnings is several times that of BMW*. Be very proud. You were part of this.?

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AND WE DID SO MUCH MORE

On top of the public listing, we did so much more this year. We launched our 2nd?pure electric car – the C40. We started to sell cars online in real numbers. We made “last twelve months” all time high volumes (measured end Q3 2021). We made “last twelve months” all time high profit (measured end Q3 2021). We started the first verification prototype of a core-compute based vehicle. We conducted several (six or seven) full over-the-air downloads of software across thousands of customer cars. We launched the new Volvo Cars app. We enabled easy find and pay for charging at competitive price and offered our electric car buyers a very reasonably priced wall-box. We ended animal hide in our electric vehicle interiors. We flew to the moon…. Hold on! That last part went too far, sorry we take that back, no actual moonshots yet. We’ll have to see about that!

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See you back in office next year!!

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Take care!

//Henrik

* https://finance.yahoo.com/quote/BMW.DE?p=BMW.DE&.tsrc=fin-srch

https://finance.yahoo.com/quote/VOLCAR-B.ST?p=VOLCAR-B.ST&.tsrc=fin-srch