Scandinavian Business in Asia News

Fisker to Sell in China, Open to Partner

Danish start-up electric car designer Fisker Automotive is negotiating a deal to sell its luxury, plug-in Karma model in China and remains open to partnerships with larger rivals, Chief Executive Henrik Fisker said on Tuesday. “We’re going into China in the second half of next year. We’re already finalizing negotiations with a major Chinese distributor,”…

The Largest Buyer of Hand-made Products

IKEA, the world’s largest furniture retailer plans to double its orders from Vietnam in the next three years. At the moment, the conglomerate is the largest buyer of Vietnamese hand-made products. Mikael Demitz-Helin, manager of IKEA Trading in Southeast Asia, says Vietnamese suppliers of products like textiles, furniture, handicrafts and ceramics were highly competitive on…

Swedes in China doubled in Five Years

The number of Swedish employees working in China has doubled in the last five years, according to a comprehensive report issued by an engineering industry group in Sweden surveying the current industrial landscape between the two countries. Over 11,500 Swedish companies trade with China, while nearly 600 have a local presence, according to the “Swedish…

Danes Are Together in Electric Dreams

An intrepid Danish couple who set out from Copenhagen in an electric car 113 days ago finally arrived in Shanghai yesterday afternoon, their first major destination in a round-the-world tour. Their vehicle, a modified green Nissan, trundled slowly into the Denmark Pavilion at the World Expo site for a two-day exhibition, and immediately attracted the…

A Very Strong Candidate to Replace Thailand

The implementation of the Association of Southeast Asian Nations (ASEAN) free trade agreement (AFTA) and recent political turmoil in Thailand have opened up an opportunity for Indonesia to become the regional production hub for automobiles and auto components. A deputy chairman of the Indonesian Automotive Industry Association (Gaikindo), Johnny Darmawan, said Indonesia had the chance…

H&M to Help Reduce Textile Pollution

Two of the clothing industry’s biggest names have joined an effort to clean up Chinese textile mills, which are infamous for spewing chemicals into rivers and streams while using massive amounts of water and energy. Today at the Clinton Global Initiative, established by the former president to promote collaboration between governments, nonprofits, and the private…