Nordic News, Business and Life in Asia
Swedish carmaker Volvo Cars is recalling more than 40,000 of its electric EX30 SUVs worldwide due to a potential battery overheating risk, Reuters reports. The batteries were produced by a …
China-linked battery issue forces Volvo to recall 40,000 SUVs Read More
Sweden’s electric car maker Polestar has entered into a loan agreement of up to $600 million with its majority owner, China’s Geely Holding, as the company seeks to ease pressure …
Polestar secures $600 million loan from Chinese majority owner Read More
Volvo Cars has begun moving the production of its electric car manufacturing from China to Ghent in Belgium. It is happening at the same time as the EU is investigating …
Volvo moves production from China to Belgium Read More
The Chinese embassy in Sweden warned Gothenburg City Council to adhere to One China principle, as the City Council considered closer cooperation with Taiwan, and concluding sister city agreements. Members …
Chinese embassy warns Gothenburg against closer ties with Taiwan Read More
The Chinese automobile manufacturer Geely Group has started mass production of Volvo’s first minivan. The car with the name Volvo EM90 will only be available in China and will be …
Chinese Geely starts mass production of Volvo minibus Read More
Chinese automaker Geely has confirmed, that the company has reduced its stake in Volvo AB, the Swedish truckmaker. Geely transferred over 7 billion SEK ($685 million) worth of stock to …
China’s Geely decreases Volvo stake Read More
Volvo Cars experienced a significant drop in its shares, falling approximately 13% to a historic low, following the sale of a portion of its stake by its major shareholder, Geely. …
Volvo shares crashed to all-time low due to Chinese Geely selling stocks Read More
Volvo Car AB is strategically entering the Chinese luxury market with its premium battery-powered minivan, The EM90. Marketing it as a mobile Scandinavian “living room,” the van is priced at …
Volvo targets Chinese luxury segment with new model Read More
Volvo Cars said on Tuesday, September 19 that the company will end production of all remaining diesel models by early 2024. The move is a part of the strategy towards …
Volvo will end diesel car production by early 2024 Read More
The Swedish-Chinese EV maker, Polestar, plans to release a smartphone in combination with the launch of its first car in China in December. “The phone will only be sold in …
Polestar plans to release smartphone in China Read More