Volvo Cars CEO on Battery Deal, R&D, Limiting Top Speeds, Ownership Models

The transcript discusses Volvo's strategic moves in the automotive industry, focusing on securing battery suppliers for electric vehicles, transitioning from combustion engines, increasing R&D investment, implementing a speed limit policy, and exploring new subscription and ownership models. These efforts aim to position Volvo as a leader in electrification while addressing safety and consumer preferences.

What is the main reason Volvo is partnering with battery suppliers?

• To diversify their product line

• To increase brand visibility

• To secure volume and development partnerships

• To reduce production costs

How is Volvo approaching the transition from internal combustion engines to electric vehicles?

• By immediately stopping the production of combustion engines

• By gradually reducing the percentage of combustion engine sales

• By focusing solely on hybrid vehicles

• By maintaining equal production of both types

What percentage of revenue does Volvo allocate to R&D spending?

• 10%

• 3%

• 5-6%

• 8%

Why has Volvo decided to limit the top speed of their vehicles to 180 km/h?

• To reduce production costs

• To address safety concerns related to speed

• To enhance fuel efficiency

• To comply with international regulations

What is a key trend in car ownership among younger consumers?

• Leasing cars for short periods

• Paying a monthly flat fee for car use

• Preferring to buy cars outright

• Investing in luxury vehicles

What is Volvo's new division for car-sharing called?

• Volvo Share

• Volvo Mobility

• Car Connect

• M for Car Sharing

How does Volvo's subscription service differ from traditional car ownership?

• It is only available in select countries

• It offers limited vehicle options

• It includes all costs in a single monthly fee

• It requires a long-term commitment