Volvo’s first electric minivan, the EM90, officially rolls off the assembly line
The first all-electric Volvo EM90 officially rolled off the assembly line on Tuesday. Volvo’s EM90 is the brand’s first electric minivan, complete with a “Scandinavian living room” interior.
A Scandinavian living room on wheels
After teasing the EM90 several times, Volvo finally revealed its first electric minivan in November.
“It’s an age-old cliché, but there really is no place like home,” Volvo CEO Jim Rowan said after unveiling the new EV. The EM90 is built for more than simply getting from point A to point B. It’s designed to maximize the time spent in the car.
Volvo developed the interior for ultimate comfort and flexibility, whether for business or pleasure.
The “Scandinavian living room on wheels” includes premium lounge seating with rear cupholders, massage functions, and a fold-out table (like an upscale movie theater). It also includes a massive 15.6″ rear screen that folds out for entertainment, business, etc.
With the push of a button, the EM90 converts into a movie theater, business boardroom, or even a bedroom.
Volvo’s EM90 includes smart storage options, opening up a spacious cabin with plenty of head and leg room.
An additional 15.6″ infotainment screen completes the minimalist interior up front. The electric minivan features advanced software, including Snapdragon Cockpit Platforms from Qualcomm.
Volvo EM90 rolls out as its first electric minivan
The Volvo EM90 is powered by Geely’s SEA platform, which underpins the Polestar 4, Lotus Eletre, and all ZEEKR models.
A 200 kW electric motor and 116 kW battery are good for up to 458 miles (738 km) CLTC range. Although the EM90 rides on the same platform as the ZEEKR 009, you can see Volvo’s unique design throughout the vehicle. Volvo included new signature features like its Thor Hammer headlights and an illuminated logo.
Less than three months after its unveiling, the first EM90 officially rolled off the assembly line on Tuesday.
Volvo announced the news, saying the “EM90 brings a new experience to consumers” as the Swedish automaker enters a new segment.
The Volvo EX90 is first available in China, starting at 818,000 yuan ($114,000). Deliveries will begin in March, but Volvo has yet to confirm where else it will launch the electric minivan.
Electrek’s Take
After selling a record 113,419 electric cars in 2023, Volvo is aiming bigger this year. Volvo is launching unique EVs in new segments to help the brand reach new customers.
Although the EM90 is not likely to make its way to the US as a China-built model, Volvo is launching two other electric models.
The EX30 (check out our review here) is Volvo’s smallest and cheapest vehicle yet. It will start at $35,000 in the US and €36,590 in Europe as a “cornerstone” of Volvo’s EV plans.
Volvo’s first three-row electric SUV, the EX90, is also rolling out this year. It will start at $76,695 in the US to compete with Rivian’s R1S, Kia EV9, and Mercedes EQS.
With three new EVs in key segments, Volvo expects “tremendous growth” in 2024. By 2025, Volvo aims for 50%, or about 600,000, of its sales to be electric as it looks toward an all-electric future by the end of the decade.
What do you guys think? Is Volvo setting itself up for success? Let us know what you think of the new Volvo models in the comments below.
Source: CarNewsChina, Volvo China
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Chinese carmaker XPeng is getting perilously close to bringing its AeroHT consumer eVTOL concept to market, thanks to a $250 million Series B round that’s set to accelerate the company’s modular “flying car” production plans.
XPeng subsidiary AeroHT had its first successful proof of concept test flight ahead of the brand’s annual 1024 back in 2023, where the company unveiled a pair of flying car designs. The X3 is an actual flying “car” that can drive, park, and take off on its own, and a second, modular eVTOL that folds up into the back of an electric van called the Land Aircraft Carrier.
That vehicle pair, shown at CES in January, was set to begin production this year, with the eVTOL component set to begin production in 2026 – and that’s looking a lot more likely thanks to the new infusion of capital!
AeroHT at CES 2025
Xpeng Aeroht raised $150 million in Series B1 funding last August, before launching its Series B2 funding round. The most recent announcement that the company has secured an additional $100 million in its Series B2 funding round brings the total amount raised to more than $750 million, with a $1B pre-revenue valuation.
CNEVPost reports that company aims to establish itself as a commercial pioneer in urban air mobility ahead of a potential IPO – and may get there sooner than later, thanks to several hundred pre-orders at the $280,000 projected price.
Electrek’s Take
Scooter Doll said it best, writing, “this footage (of the AeroHT test flight) is as scary and concerning as it is exciting and awe-inspiring.” Which is to say that these things are real, they seem like they’re getting built, and they seem like they’ll sell well enough to convince at least one or two remaining boomers that the flying car they’ve been promised their whole lives is – finally! – coming to market.
Here’s hoping.
SOURCE: Xpeng, via CNEVPost; gallery photos by the author.
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Flooring manufacturer Beauflor USA just turned on the biggest rooftop solar system by capacity in metro Atlanta — and it’s now powering part of its Georgia factory.
The new 1,040 kW system in Cartersville officially beats metro Atlanta’s previous rooftop solar record of 1,034 kW. The new array produces enough energy to power more than 100 homes. The system is expected to cover about 10% of Beauflor’s electricity needs and cut its carbon emissions by about 920 metric tons annually.
“This solar installation represents our commitment to sustainable manufacturing practices while making sound business decisions,” said Emile Coopman, continuous improvement manager at Beauflor. He added that the system is designed with room to grow: “This is the first step toward more renewable energy.”
The company partnered with Cherry Street Energy to install the nearly 2,000-panel system, which was completed in less than four months. Cherry Street invested $1.8 million into the project and is covering all construction and maintenance costs through a 30-year energy procurement agreement. Beauflor will buy solar power directly from Cherry Street, allowing it to avoid upfront capital costs while still lowering its energy bills.
“As Georgia’s manufacturers ramp up production amid rising costs for grid energy, sophisticated operators seek ways to quickly and sustainably address their energy needs,” said Cherry Street CEO Michael Chanin. “On-site solar with no capital expense delivers just that: reliable, affordable electricity.”
Chanin added that the system’s power output is especially impressive: “The previous record-holder for metro Atlanta’s largest rooftop solar required over 4,000 panels. We’re using less than 2,000 to reliably generate even more power.”
Read more: This is New Jersey’s largest high-rise residential rooftop solar array
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Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021.
Eva Marie Uzcategui | Bloomberg | Getty Images
Block shares jumped more than 10% in extended trading on Friday, as the fintech company gets set to join the S&P 500, replacing Hess.
It’s the second change to the benchmark this week, after S&P Global announced on Monday that ad-tech firm The Trade Desk would be added to the S&P 500. Trade Desk is taking the place of software maker Ansys, which was acquired by Synopsys in a deal that closed Thursday.
Hess’ departure comes just after Chevron completed its $54 billion purchase of the oil producer, prevailing against Exxon Mobil in a legal dispute over offshore oil assets in the South American nation of Guyana.
Block will officially join the S&P 500 before the opening of trading on July 23, according to a statement from S&P. Stocks often rally when they’re added to a major index, as fund managers need to rebalance their portfolios to reflect the changes.
Most alterations to the S&P 500 take place during the index’s quarterly rebalancing. However, in the case of the closing of an acquisition, a company can be removed from the index and replaced off schedule. Last week monitoring software company Datadog took Juniper Networks’ place in the S&P 500 as part of the index’s quarterly change.
Block’s addition brings further tech heft to an index that’s been steadily moving in that direction in recent years, reflecting the market cap gains of companies across the sector. Block, which gained popularity as Square due to the rapid growth of the company’s payment terminals, has expanded into crypto, lending and other financial services.
Founded by Jack Dorsey in 2009, Square changed its name to Block in 2021 to emphasize its focus on blockchain technologies.
Block shares are down 14% this year, underperforming the broader U.S. market. The Nasdaq is up more than 8%, while the S&P 500 has gained 7%. Still, with a market cap of about $45 billion, Block is valued well above the median company in the index.
In May, Block reported first-quarter results that missed Wall Street expectations on Thursday and issued a disappointing outlook, leading to a plunge in the stock price. Block’s forecast for the second quarter and full year reflected challenging economic conditions that followed sweeping tariff announcements by President Donald Trump.
“We recognize we are operating in a more dynamic macro environment, so we have reflected a more cautious stance on the macro outlook into our guidance for the rest of the year,” the company wrote in its quarterly report.
The company is scheduled to report second-quarter results after the close of regular trading on Aug. 7.
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