Volvo Cars will use Tesla's Superchargers but not its autonomous driving tech. Its CEO explains why

. The company said earnings before interest and taxes were 5 billion Swedish krona compared to 10.8 billion Swedish krona in the second quarter of 2022.

Volvo Cars' longer-term electrification strategy is centered around every car it sells being fully electric by the year 2030. This would mean a phase-out of vehicles using internal combustion engines, a category that includes hybrids.The past few years have seen the automotive industry suffer issues related to supply chains and the cost of materials crucial to the production of electric vehicles.

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