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
The Chinese government threatens retaliation after the EU Commission announced they will investigate whether electric cars from China are exported to Europe with large state subsidies. According to the Financial …
China warns of consequences if EU investigates state aid for EV’s Read More
The European Commission is considering imposing punitive rates to protect EU automakers against cheaper Chinese EV imports. “Global markets are now flooded with cheaper electric cars,” said European Commission President, …
EU considers imposing taxes against Chinese EV companies 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
Swedish-Chinese electric vehicle maker Polestar, founded by Geely and Volvo Cars, posted an operating loss of $274.4 million on Thursday, August 31. This is down from $627.3 million in 2022, …
Swedish-Chinese EV maker Polestar posts operating loss Read More
China’s XPeng is buying out Didi Global’s Smart electric car division. The move will allow them to roll out a new, affordable brand of electric cars. XPeng is set to …
XPeng to launch affordable EVs in China and Norway Read More
Swedish EV maker Polestar is targeting China’s premium EV market. Polestar has partnered with Mobileye to incorporate autonomous driving technology into their Polestar 4 model. The technology allows for hands-free, …
Swedish EV company is targeting smart-driving in Chinese market Read More
EV charging company NaaS Technology has announced that it’s going to acquire the Swedish EV charging provider Charge Amps for $66.4 million. The acquisition is a part of the Chinese …
Chinese NaaS Technology acquires Swedish Charge Amps for $66 Million Read More
Volvo Trucks has delivered its first electric truck in Taiwan to WRC PACIFIC, LTD. The delivery took place at Taikoo Kaohsiung Flagship Service Center, belonging to the national dealer Taikoo …
First Volvo electric truck delivered in Taiwan Read More
Zeekr, Geely Automobile’s electric brand, said on Wednesday, June28, that two of its all-electric luxury cars are available for pre-order in the Netherlands and Sweden. Deliveries for the Zeekr 001 …
Chinese EV maker opens orders in Sweden Read More
Swedish EV maker Polestar has joined forces with Xingji Meizu, a mobile phone and electronics company, to build an operating system for Polestar cars sold in China. In the rest …
Swedish Polestar and Chinese Xingji Meizu join forces Read More
Shanghai-listed Putailai (PLT) is is investing $1.3bn in a Swedish factory. The factory will be Europe’s largest factory for manufacturing anodes, a crucial part of the batteries that go into …
Chinese company to build Europe’s largest anode factory in Sweden Read More
According to Volvo Car Malaysia, the EX90 is expected to arrive in Malaysia by the fourth quarter of 2024. The price is yet to be confirmed. This follows the company’s …
Volvo EX90 EV is coming to Malaysia in 2024 Read More
According to Reuters, Volvo has revealed, that they expect to launch at least six new batteri driven electric vehicles by 2026. “Volvo is planning to convert all its mainline models …
Volvo is working on biggest product revamp under Geely Read More
Xpeng, the Chinese electric vehicle startup, launched its P7 sedan and its G9 SUV in Denmark, Norway and Sweden on Friday, February 3, 2023. The Chinese company has priced its …
Chinese Tesla rival launches EVs in Scandinavian countries Read More
The Chinese electric vehicle maker Nio has launched its brand in Norway and the company plans to open its first overseas store in Oslo in September, Yahoo finance reports. Nio …
Chinese EV maker Nio launches its brand in Norway Read More
Volvo Cars, the Swedish auto maker owned by China’s Zhejiang Geely Holding Group, says electric vehicles make up more than a third of the company’s new car sales in …
Volvo EV sales in Europe made up more than 3rd of company’s car sales Read More