Nordic News, Business and Life in Asia
The pressure is mounting on one of Sweden’s most iconic carmakers. Swedish Volvo Cars is tightening its ties with Chinese owner Geely Holding as global competition intensifies, according to new …
Volvo deepens China cooperation to navigate tougher market 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
Zeekr, the premium electric vehicle (EV) subsidiary of Geely, has announced its entry into Norway. The company will begin taking orders for the Zeekr 001 and Zeekr X later this …
Zeekr Makes Foray into Norway Read More
Denmark-based Saxo Bank, headquartered in Copenhagen, announced plans to close its offices in Hong Kong and Shanghai. It will also scale back operations in Tokyo, according to Nikkei Asia. The …
Saxo Bank close Hong Kong and China offices Read More
The European Commission has today notified car makers, that additional tariffs of up to 25 percent will be imposed on Chinese EVs from July. The tariffs are expected to earn …
EU to impose multi billion-euro tarriffs on Chinese EVs 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
Geely Automobile Holdings and BYD Co reported notable increases in their 2023 vehicle sales. The two China-based companies are now setting ambitious targets for 2024, according to Reuters. Geely’s global …
Chinese automakers surge in 2023 sales with growing focus on Scandinavia 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
The Chinese EV brand ZEEKR has announced, that the company is moving its current EU headquarters in Sweden to the Netherlands. The Geely-owned EV brands EU branch has until now …
ZEEKR moves EU headquarters from Sweden 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