Nordic News, Business and Life in Asia
Norwegian apparel brand Helly Hansen has been sold to American company Kontoor Brands, known for owning Wrangler and Lee, for approximately $900 million (around 10 billion NOK). Most of Helly …
Norwegian Helly Hansen acquired by Kontoor Brands for $900 Million Read More
LEGO Group, the Danish toymaker known worldwide for its iconic plastic bricks, will in April this spring officially open its new $1.3 billion factory in Binh Duong province, southern Vietnam. …
$1.3 billion LEGO factory in Vietnam to open in April Read More
Finnish electronics manufacturing services (EMS) provider Scanfil is expanding its operations in Malaysia with a EUR 4.3 million investment in its Johor Bahru facility. This move follows the company’s acquisition …
Scanfil expands production in Malaysia to meet growing demand Read More
Auto giant Volvo launched a new facility in Singapore on January 22 to support its goal of becoming a fully electric carmaker and a leader in technology. Specifically, the Volvo …
Volvo opens tech hub in Singapore Read More
In a groundbreaking development, Chinese electric vehicle (EV) manufacturer BYD has surpassed Tesla in revenue for the first time in a single quarter. As the race for dominance in the …
BYD surpasses Tesla in revenue amidst new tariffs in Europe and USA Read More
The competition among Chinese electric vehicle (EV) manufacturers has intensified in Denmark, with brands like Xpeng and BYD vying for prominence in the Danish market. According to consumer economist Ilyas …
Competition among Chinese Electric Vehicles grows in Denmark Read More
Swedish company Assa Abloy Group has launched a new $30 million factory in Hai Phong, Vietnam. As a leader in entrance automation and door control, the company plans to export …
Swedish company Assa Abloy opens $30 million factory in Vietnam Read More
The European Commission has rejected proposals from Chinese electric vehicle (EV) makers to adjust their prices in an attempt to avoid steep tariffs. The tariffs follow a months-long investigation led …
EU rejects Chinese EV price adjustments, raising trade tensions Read More
Several Chinese electric vehicle (EV) manufacturers are moving production to Europe. This is in response to the European Union’s increased import tariffs on EVs made in China. The EU’s new …
Chinese EV manufacturers shift production to Europe in response to EU tariffs Read More
Southeast Asia to overtake China in gross domestic product (GDP) and foreign direct investment (FDI) over the next 10 years, according to the “Navigating High Winds: Southeast Asia Outlook 2024 …
Southeast Asia to overtake China in GDP and FDI over the next 10 years Read More