• <a fr-original-style="" href="https://www.reuters.com/business/autos-transportation/volvo-cars-build-third-factory-europe-automobilwoche-2021-11-14/" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">Volvo Cars</a> considers building a third plant in Europe in order to boost its production capacity beyond its current 1.2 million vehicles per year, according to Automobilwoche. A company spokesperson said that Volvo wants to increase its capacity but no plans have been finalized as of yet, Reuters reported.<ul fr-original-style="padding-inline-start: 20px;" style="padding-inline-start: 20px; margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">A step back: The Sweden-based company, which hit a valuation of $18 billion (€15.7bn) after its IPO in late October, currently produces around 800,000 cars a year in its two factories.</li></ul>

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