Chinese car brands are gaining market share in Europe, but sales in Sweden are sluggish. Sweden’s tax on plug-in hybrids is one reason, according to Tomas Ernberg, CEO of the Chinese car brand MG in Sweden.
CarsCar manufacturer Volvo Cars reports unexpectedly weak results for the second quarter. The stock is plunging on the Stockholm Stock Exchange. We have a China market that has collapsed dramatically, down 30 percent. Then it is difficult to make the numbers add up, CEO Håkan Samuelsson tells TT.
CarsVolvo Cars has been granted a special permit by U.S. authorities for the continued import and sale of connected cars in the U.S.
CarsSales are rising sharply, but multi-billion losses continue at Polestar, the 2025 results show.
CarsThe war in Iran means more expensive gasoline - which in the long run could lead to more people looking toward the electric car market. Volvo Cars CEO Håkan Samuelsson believes this. Customers will probably be reminded that an electric car costs only 3-4 kronor per mile to drive, rather than 20 kronor per mile, he says.
CarsGrowth in deliveries is expected to slow this year, according to loss-making electric car manufacturer Polestar. The Gothenburg-based company is adjusting its target down to a low double-digit percentage.
CarsThe electric car manufacturer Polestar – with Volvo Cars as one of the major owners – is making a write-down of almost seven billion kronor for the model Polestar 3, citing increased US tariffs and weak demand for electric cars.
CarsThe electric car company Zeekr Technology Europe is making large staff cuts in Gothenburg, reports Ekot.
TechnologyOne of Joe Biden's final moves as president can hit hard on Volvo Cars. The major bank SEB does not rule out a total sales ban for the Swedish car manufacturer on the important US market.
CarsThe electric car manufacturer Polestar is launching a new smaller electric SUV called Polestar 7, the company announces.
CarsThe EU Commission's announcement to impose tariffs on Chinese electric cars has prompted China to threaten with its own tariffs on European export goods. The development worries Foreign Trade Minister Benjamin Dousa (M). It's bad for Europe and it's bad for Sweden.
BusinessEU countries say yes to permanent tariffs on electric cars from China. Sweden abstained and hopes for a special solution for Volvo.
CarsIt may take several years to turn the downward spiral for Europe's electric car industry, warns German industry guru Ferdinand Dudenhöffer. The road to success goes via China, according to the professor.
CarsThe EU is expected to adjust downwards in the near future the customs duties that are to be imposed on electric cars manufactured in China from November, reports the news agency Bloomberg, citing anonymous sources.
CarsThe EU is now punishing Chinese electric car manufacturers with punitive tariffs. Among those affected to the greatest extent are giants BYD and Geely, the owner of Volvo.
CarsThe EU is threatening China with tariffs of up to 38 per cent on the import of electric cars. Everything comes into force in July – if China does not act. But the German government is not pleased.
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