Volvo C30 Electric - cooperation between Siemens and Volvo Car Corporation


Siemens and Volvo Car Corporation intend to jointly cooperate in the development of electric cars. The two companies will be developing and integrating electrical drive technology, power electronics and charging technology in the Volvo C 30 Electric. The first electric cars fitted with Siemens technology will already be on the test tracks at the end of this year, by the end of 2012 Volvo will be delivering up to 200 cars for the Siemens internal test fleet.

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------------------------------- Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales to customers in more than 100 countries. Volvo Cars is listed on the Nasdaq Stockholm exchange, where it is traded under the ticker “VOLCAR B”.   "For life. To provide freedom to move in a personal, sustainable and safe way." This purpose is reflected in Volvo Cars' ambition to become a fully electric car maker and in its commitment to an ongoing reduction of its carbon footprint, with the ambition to achieve net-zero greenhouse gas emissions by 2040.   In 2025, Volvo Cars sold over 710 thousand cars, with an electrified share of 46%. Volvo Cars on average employed 42,600 full-time employees. Volvo Cars' head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars' production plants are located in Gothenburg, Ghent (Belgium), South Carolina (US), Chengdu, Daqing and Taizhou (China). The company also has R&D and design centres in Gothenburg and Shanghai (China). Volvo Cars Media Relations +46 31-59 65 25 media@volvocars.com  Volvo Cars Investor Relations  +46 31-793 94 00 investors@volvocars.com 

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