Sweden Archives - TechStory

Low-cost fashion chain H&M reports 4th-quarter loss
H&M claims its net profit for the year ending November 2022 dropped 68%, while it took a hit of 864 million Swedish kronor ($84 million) in the fourth quarter

Sumbul Farid·January 29, 2023

On Friday, a very economical and popular fashion brand H&M notified that terminating its business operations in Russia...

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Sweden has Europe’s largest known deposit of rare earth elements

Sneha Singh·January 14, 2023

In the north of Sweden, the Swedish mining corporation LKAB claims to have discovered the continent’s largest deposit...

World

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POL Lux is a solar-powered boat that turns into a camper on the water

POL Lux is a solar-powered boat that can also run at night with its 18kWh battery

Meghana Kandra·December 13, 2022

Electric Watercrafts are increasing nowadays, especially after electric boats are built. POL Lux is a Sweden-based boat maker,...

Automobiles Cars Electric Vehicles News

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Northvolt plans 60-GWh battery factory in northern Germany

Sweden’s Northvolt announces €4B battery Gigafactory in Germany
The plant is to be built in the city of Heide of Northern Germany

Meghana Kandra·March 15, 2022

Known as “Northvolt Drei”, the plant will be a new €4 Billion battery Gigafactory by the Swedish company...

Cars Clean Energy Electric Vehicles Manufacturing

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Volvo XC40 Recharge Wireless Charging Pilot Starts In Sweden

Small fleet of electric XC40 SUVs will recharge wirelessly in Sweden
The Volvo XC40 recharge wireless charging will be automated

Meghana Kandra·March 10, 2022

Volvo charging station in Gothenburg, Sweden will be able to charge Volvo XC40 wirelessly. It is also in...

Automobiles Cars Electric Vehicles

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Sweden’s Volta raises $260M at a $490M valuation to get its all-electric trucks into production by the end of this year

Sweden’s Volta to start electric trucks production this year
The Sweden electric truck maker raises $260M

Meghana Kandra·February 22, 2022

Sweden’s Volta to start electric trucks production by the end of this year. It raises $260 million and...

Cars Electric Vehicles

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XPeng to expand presence in Europe as it announces retail agreements in the Netherlands and Sweden, teases P5 sedan

Chinese electric car maker Xpeng further expands into Europe

Meghana Kandra·February 10, 2022

Chinese electric car maker Xpeng further expands into Europe by entering into Swedish and Dutch markets. Xpeng was...

Automobiles Cars Electric Vehicles

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Volvo to adopt next-gen production technology in its Sweden factory

Meghana Kandra·February 8, 2022

Volvo is reportedly known to adopt the use of megacasts in its Torslanda factory in Sweden. The use...

Cars Electric Vehicles

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Polestar’s ‘Arctic Circle’ performance EV can shred a snowy track

Polestar Arctic Circle’s dashing performance on a snowy track

Meghana Kandra·February 2, 2022

Polestar Article Circle is an improvised version of Polestar 2, a performance EV made for the Goodwood Festival...

Cars Electric Vehicles News

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Drone Saves Heart Attack Patients Life For The First Time In Medical History

A 71-year-old saved by doctor using the defibrillator delivered by a drone

Meghana Kandra·January 6, 2022

A 71-year-old had a heart attack while shoveling snow in Sweden on December 9th. The nearby doctor was...

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