Swedish carmaker ‘has an ambitious strategy to become fully electric by 2030’
Volvo Cars shares rose on Friday after its £13bn stock market debut, as investors bet on the carmaker’s planned shift to electric vehicles.
The Swedish firm’s stock was trading at 59.99 Swedish kronor (£5.10) on Friday morning, pushing past the listing price of 53 kroner a share in the wake of the initial public offering (IPO), which the company said was “substantially oversubscribed”.
