AB Volvo (publ)

IONNA, the charging network founded by eight of the world's leading automakers, announced it has surpassed more than 180 live charging sites nationwide, more than doubling the size of the network since the beginning of 2026. The growth comes alongside a first-place ranking among DC Fast Chargers in the JD Power 2026 U.S. Electric Vehicle Experience Public Charging Study, earned in IONNA's very first year of eligibility, and the company says it is the largest 400kW charging network in the US. Since announcing its strategic partnership with Circle K earlier this year, IONNA has brought 40 Circle K charging locations online, doubling usage at those locations following upgrades to IONNA operations. Supported partner apps have grown to 19 with new integrations across Presto, ChargeHub and EV Connect, while Plug & Charge is newly enabled for Volvo drivers and Toyota and Lexus support is anticipated in October; Hyundai and Mercedes-Benz have joined BMW and GM in offering charging discounts through their apps and Plug & Charge. IONNA also founded a Driver Advisory Council co-captained by Kyle Conner of Out of Spec and Tom Moloughney of State of Charge, whose first priority will be gathering feedback on the newly launched Driver's Dashboard. "The industry has treated charging scale and charging quality as a tradeoff," said Seth Cutler, CEO of IONNA. "Our growth and first-place customer satisfaction ranking show that drivers can and should expect both."

AB Volvo has received a record order for 500 gas-powered trucks from a European transport operator, with the vehicles intended to run on alternative fuels such as bio-LNG to cut emissions in heavy road freight. Volvo Trucks also introduced a new long-haul electric truck with extended range aimed at demanding heavy-duty routes. The FH Electric rigid truck is built for gross combination weights up to 80 tonnes, offers up to 450 km of range at 64 tonnes and supports megawatt charging. The 500-truck order, for the Volvo FH Aero, signals that large European fleets are willing to commit capital to LNG and bio-LNG routes at scale, while Cespira's HPDI 3.0 system is due to enter production in Q4 2026 with first vehicles targeted for early 2027, lining up with the 2027 delivery window for the gas trucks. AB Volvo is a SEK661.4b machinery group that builds trucks, buses, construction equipment and engines across multiple regions.

A newly formed freight coalition, ZET SCALE, has chosen Tesla to lead a 2,500-truck purchase of electric Class 8 vehicles, an order that if fully delivered would roughly double the number of battery-electric heavy trucks now running in the United States. Tesla is the lead supplier but shares the supplier list with PACCAR's Kenworth, RIDE and Volvo Group's Volvo, so the Semi will make up only part of the 2,500 units, though its share would likely still set a record and exceed earlier orders such as Einride's 500 trucks in August and WattEV's 370 in May. Deliveries are planned over several years and will serve 10 regional hubs, including Los Angeles, Houston, Chicago, Atlanta and the New York-Newark area. Tesla's new Semi factory in Nevada opens formally today beside the 4680 battery cell lines at Gigafactory Nevada, a 1.7-million-square-foot facility built to produce up to 50,000 trucks a year. The order is a genuine win, but execution risks remain high: Tesla has a record of missed production timelines, battery availability is a constraint, and BYD unveiled the ETT 44, a 44-tonne electric tractor with up to 1,000 horsepower and roughly 372 miles of range, at Europe's IAA Transportation show, where Tesla plans to bring the Semi late next year in standard-range form only.

AB Volvo's fair value estimate has been lifted to SEK 356.12 from SEK 347.55, with published analyst price targets now spanning a wide SEK 290 to SEK 376 range. Citi raised its target twice, from SEK 354 to SEK 358 and then to SEK 376, while keeping a Buy rating, and Erste Group initiated coverage with a Buy rating, citing a massive surge in new truck orders, particularly in North America, plus higher internal forecasts for truck sales in Europe and China. Morgan Stanley lifted its target to SEK 355 from SEK 342 while maintaining an Equal Weight stance, and Barclays nudged its target up to SEK 290 from SEK 280 while keeping an Underweight rating at the bottom of the range. Alongside the fair value change, the revenue growth assumption moved from 6.71% to 6.90%, the net profit margin from 10.36% to 9.87%, the future P/E from 14.74x to 15.78x, and the discount rate from 7.37% to 7.42%.

Pacific Gas and Electric Company announced a significant expansion of its Vehicle-to-Everything program, adding Bidirectional Energy and PowerFlex as approved partners and making EVs from Kia, Volvo, Polestar, and Nissan newly eligible. The expansion also includes new General Motors models such as the Chevrolet Bolt, Cadillac Celestiq, and Cadillac Escalade IQL, building on existing options from Ford, Tesla, Chevrolet, GMC, and Cadillac. Customers can now enroll through June 30, 2027, with residential incentives of $2,500 upfront, or $3,000 for those in disadvantaged communities, plus a $1,500 Early Adopter Incentive for the first 250 enrollees. Newly eligible vehicle and charger combinations qualify for up to $13,000 in additional incentives through California Energy Commission grant funding. PG&E has also advanced V2X solutions for commercial and fleet customers, including work with school districts in Fremont, Oakland, and San Francisco to support bidirectionally capable electric school bus fleets.

Aurora Innovation announced its second quarter 2026 results and the launch of Aurora Driver 2, its second-generation hardware and software platform for driverless trucks. The new system is integrated with the International LT Series vehicle, designed for one million miles of operation, and expected to cost half as much as the previous generation. Aurora has signed new customer agreements with Value Truck and Charger Logistics, while Volvo Autonomous Solutions added DSV and AVI-SPL as customers for freight services using the Volvo VNL Autonomous powered by the Aurora Driver. The company ended the quarter with nearly 1.2 billion dollars in cash and short-term investments and reaffirmed its plan to have 200 driverless trucks in operation by year-end, with upfitter Roush expected to reach an annual run-rate of 1,000 trucks in October. Aurora also noted that California recently joined the majority of U.S. states in permitting driverless truck deployment, and the company has submitted its application to begin required drivered testing in the state.

CATL and the Ellen MacArthur Foundation, together with BMW, Renault, Volvo, Google, Xiaomi and other industry leaders, have launched two new initiatives through CATL's Global Energy Circularity Commitment: circular battery design guidelines and a business coalition to accelerate circular business models. The guidelines aim to embed circularity across the full battery lifecycle, providing a common methodology for design, procurement, and policy, with publication planned for 2027. The coalition will work to create the commercial, regulatory, and financing conditions needed to scale circular models internationally, building on CATL's existing battery-swapping operations across more than 1,650 stations in 127 Chinese cities. The announcement was made at the Climate Innovation Forum during London Climate Action Week 2026, where CATL also unveiled a separate battery-swapping joint venture with Octopus Energy targeting 300,000 electric trucks and 30 hubs across Europe by 2035. CATL, which achieved carbon neutrality across its core operations in 2025, processed 210,000 tonnes of end-of-life batteries last year through its Brunp Recycling unit, recovering 99.6% of nickel, cobalt, and manganese.

AB Volvo presents a stronger value opportunity than Ferrari, according to a Zacks Investment Research analysis. AB Volvo holds a Zacks Rank of #2 (Buy) and a Value grade of A, while Ferrari has a Zacks Rank of #3 (Hold) and a Value grade of D. AB Volvo's forward P/E ratio stands at 14.24 compared to Ferrari's 31.43, and its PEG ratio is 0.73 versus Ferrari's 3.37. Additionally, AB Volvo's price-to-book ratio is 3.23, far below Ferrari's 17.47. The analysis suggests that AB Volvo's more impressive earnings estimate revision activity and superior valuation metrics make it the better choice for value investors.