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