Nordic News, Business and Life in Asia
The Swedish-rooted, Chinese-owned company Volvo has scaled back its electric vehicle ambitions, announcing Wednesday that it will no longer aim to produce only electric cars by 2030. The company also …
Volvo lowers electric vehicle targets and profit goals Read More
As a result of the ongoing disucssions on tariffs on electric vehicles from China, China is now looking into its anti dumping investigation of the European brandy import. The Commerce …
China will hold hearing on European brandy imports Read More
China’s Minister of Commerce Wang Wentao met the Finnish Minister of Economic Affairs Wille Rydman on Wednesday. They discussed the current collaborations of the two countries and Wang stated, that …
China’s Commerce Minister meets Finland’s Economy Minister Read More
The Swedish founded car company Volvo sales has overall risen 13 percent this May compared to last year. This boost is mainly due to the sales of electric vehicles. The …
Volvo sales rise by 13 percent Read More
Polestar Automotive Holding fell short of its 2023 delivery target, citing weak demand for higher-priced models in China as a reason for the shortage. The company delivered 54,600 vehicles last …
Swedish Polestar misses 2023 delivery target amidst weak demand in China 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
Chinese electric vehicle maker, Nio, is considering building a dealer network in Europe to speed up sales growth. Nio launched in Norway in 2021 and then entered Germany, the Netherlands, …
Chinese Nio is building a dealer network to boost EV sales in Europe Read More
After the country’s huge success with EV’s, the Chinese car industry is now going all in on flying electric cars. The Chinese EV company, Xpeng, is currently developing the sixth-generation …
The Chinese car industry is going all in on flying electric cars 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 School of Textiles’ knitting technology lab in Borås, Sweden, is cooperating with Swedish-Chinese car maker Polestar, on interior textile for the Polestar 4 electric SUV coupe. The Swedish …
Swedish School of Textile collaborates with Polestar on interior Read More