Nordic News, Business and Life in Asia
Volvo Cars is restructuring its business in China and the wider Asia–Pacific region in an effort to adapt to slowing sales and growing competition from domestic manufacturers. The Swedish carmaker, …
Volvo reorganises in China amid sales decline Read More
Volvo Cars announced a stellar performance in 2023 with a total of 708,716 cars sold during the year. The Swedish automaker attributed the success to a 15 percent overall sales …
Volvo Cars celebrates sales surge in 2023 fueled by growth in China 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
Swedish Volvo Cars reported a 25% sales growth in September – one of the reasons being a bit of a higher demand from China. More than 61.000 cars were sold …
Chinese demand for Volvo Cars in September 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
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
Volvo has just opened a new design studio in Shanghai, China. The studio will join the existing studios in Sweden and California. The new Design Studio mirrors Volvos’ headquarters in …
Volvo opens new design studio in China Read More
Sweden-based Volvo Cars said on Wednesday, May 3, that sales increased by 10% in April to 51,976 cars. The rise in sales are mainly boosted by strong gains in China. …
Volvo sales grow 10% in April due to high demand in China Read More
According to readers of a Swedish engine website, Volvo is not as Swedish as it once was, media Dagbladet writes. The company Volvo was established almost 95 years ago and has since …
Is Volvo Swedish or Chinese? Read More
Volvo Cars, the Swedish automobile maker owned by China’s Zhejiang Geely Holding, has announced plans to invest SEK 10 billion in its Torslanda manufacturing plant in Sweden in coming years, …
Volvo Cars to invest SEK 10 billion in Swedish plant for switch to EVs Read More
Volvo Cars suffered a cyberattack on some of its research and development property, the Chine-owned Swedish company said in a press release on 10 December. “Volvo Cars have become aware that …
Volvo Cars say it suffered a cyberattack Read More
Swedish pension providers Folksam and AMF have both announced they bought billions of kronor of newly-issued shares in Volvo Cars in the initial public offering (IPO) which took place on …
Swedish pension firms invest billions in Volvo Cars’ IPO Read More
The Swedish automaker Volvo Cars recently reported a drop in global sales in August of 10.6 percent compared with the same period last year. According to media CB, overall underlying demand …
Volvo’s global sales down by 10% in August – supplier shut-downs in Asia challenge volume levels Read More
Volvo Cars in Sweden is experiencing a shortage of semiconductor chips which temporarily halts production at the carmaker’s factory in Torslanda near Gothenburg in Sweden. Volvo, which is owned by …
Volvo halts production at Swedish factory due to chips shortage Read More
Volvo Cars have agreed to buy out parent company Zhejiang Geely Holding (GEELY.UL) from their joint ventures in China, potentially boosting the Swedish automaker’s valuation ahead of a planned share …
Volvo Cars to take full control of its Chinese business Read More
Volvo Cars and its parent company Geely Holding have agreed to create a joint venture under the name Aurobay for its powertrain operations, as the companies proceed with their earlier …
Volvo Cars and Geely Holding create Aurobay for joint powertrain operations Read More
Volvo Cars owned by Geely Holding of China is partnering up with Swedish battery maker Northvolt in the development of batteries for both Volvo and Polestar. To find out the …
Volvo Car partners with Northvolt to develop and manufacture batteries Read More
According to a recent company announcement, Swedish automaker Volvo Cars is considering an initial public offering on Sweden’s main stock exchange later this year, with Chinese company Geely Holdings to …
Volvo considers IPO with Chinese Geely Holdings to remain its major shareholder Read More
A global shortage of semiconductor chips halts and adjusts the Swedish carmaker Volvo Cars production in China and the United States for parts of March, Reuters reports. Volvo Cars which …
Shortage of chips halts Volvo Cars production in China and the US Read More
Geely, China’s largest private-sector automaker, has taken the first step toward becoming the Foxconn of electric vehicles. Geely and Foxconn, the Taiwanese Apple assembler, are establishing a 50-50 joint venture …
Chinese Geely and Taiwanese FoxConn form joint venture Read More
3 March 2021 Volvo Cars announced it is only going to sell electric vehicles by 2030. It will phase out all car models with internal combustion engines by then, including …
Volvo Cars will sell only electric vehicles by 2030 Read More
According to a newly released report by Volvo Cars, Swedish carmaker, Volvo Cars experienced a drop in 2020 earnings but the company which is owned by China’s Geely remains optimistic …
Swedish Volvo optimistic for 2021 after late 2020 rebound Read MoreVolvo Cars Thailand Company Limited, led by Mr.Pattarapong Achapalasiri, Head of Commercial Operations, Volvo Cars (Thailand) Co., Ltd. received, with great pride, the “Top European Brand For Safety Innovation Award” …
Volvo Cars Thailand wins “Top European Brand For Safety Innovation Award” Read More
Volvo Cars is making significant investments that allow for the in-house design and development of electric motors for the next generation of Volvo models, as the company continues to move …
Volvo takes EV Motor Development In-House Read More
The Swedish carmaker Volvo launches project in Philippines called Safe Roads for road safety. According to Carmudi Philippines, the program is part of Volvo’s vision of having no casualties or injured …
Volvo to promote safer roads in Philippines Read More
As Penang develops and its economy keeps on growing, Nordic business solutions and brands can meet certain needs, use it for production and cater to consumer demand (such as in …
The Nordics in Penang: business solutions, brands, production and design Read More
Delivery of the new car model XC40 to dealers started in January 2018, Volvo Cars’ first entry into the small premium SUV segment. Proving popular among car buyers, with global …
Successful car-sharing Volvo XC40 set for China launch Read More
Volvo Cars, the premium car maker of Sweden, and its Chinese owner Geely Holding has announce they will jointly invest RMB 5 billion (EUR 640 million) in a new standalone …
Volvo Cars, Geely launch new car brand: Polestar Read More
Volvo Cars, the Swedish premium car maker, has reported strong growth in operating profit of SEK6.8bn in the first half of 2017, compared to SEK5.6bn for the same period last …
Strong increase in Volvo Cars’ first half 2017 profit Read More
Chinese-owned Swedish brand Volvo Cars has reported a robust 66 per cent increase in operating profit in 2016 to SEK11 billion and a new record as global sales hit 534,332 …
Volvo Cars’ sales hit new record in 2016 Read More
Volvo Cars, the premium carmaker, has unveiled a new upgraded China version of its S90 sedan and a top-of-the-line luxury model called S90 Excellence, both aimed at the high-end sedan …
Volvo Cars’ new S90 Excellence version China launch Read More
Volvo Cars, the premium car maker, has in November 2016 unveiled a new manufacturing strategy for China in which production capacity will be increased and a global manufacturing and export …
Volvo Cars’ new China strategy and expansion Read More
Volvo Cars calls it “the world’s most ambitious and advanced public autonomous driving experiment.” On 9 September the Swedish premium car maker officially kicked off ‘Drive Me’, and presented the …
Volvo Cars launches experiment Drive Me Read More
Volvo Cars, the global premium car maker, and Autoliv Inc, the worldwide leader in automotive safety systems, have on 6 September signed a letter of intent to set up a …
Autoliv and Volvo Cars set up autonomous driving company Read More
Volvo Cars, the Swedish premium carmaker, and Uber, the world’s leading ride-sharing company, are to join forces to develop next generation autonomous driving cars. The two companies have signed an …
Volvo Cars and Uber start joint autonomous driving cars project Read More
On an auspicious date, number nine, in the month of March 2016, the moment had finally come: to unveil the much-anticipate new generation of luxury Volvo Cars to the Thai …
The new Volvo Cars era introduced to Thailand Read More
Working one’s whole life for one employer could signal boredom and standing still. But what about if you’ll get quality education and be allowed to grow with increased responsibilities and …
Volvo at heart: Keith Schäfer in Malaysia Read More