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Polestar Faces $739 Million Write-Down Amid US Tariffs and Weak Demand
Business News

Polestar Faces $739 Million Write-Down Amid US Tariffs and Weak Demand

The 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.
Zeekr Technology Europe to Cut 280 Jobs in Gothenburg
Business News

Zeekr Technology Europe to Cut 280 Jobs in Gothenburg

The electric car company Zeekr Technology Europe is making large staff cuts in Gothenburg, reports Ekot.
Geely to Acquire Full Ownership of Zeekr in $6.4 Billion Deal
Business News

Geely to Acquire Full Ownership of Zeekr in $6.4 Billion Deal

Polestar Reports 76% Increase in First Quarter Sales
Business News

Polestar Reports 76% Increase in First Quarter Sales

Geely's Profit Soars in 2024 with Strategic Shift and Sales Boost
Business News

Geely's Profit Soars in 2024 with Strategic Shift and Sales Boost

Volvo Cars: Not Worried About New US Rules
Business News

Volvo Cars: Not Worried About New US Rules

Biden's final move - a knockout blow for Volvo Cars?
Business News

Biden's final move - a knockout blow for Volvo Cars?

One 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
New - smaller model - to boost Polestar
Business News

New - smaller model - to boost Polestar

The electric car manufacturer Polestar is launching a new smaller electric SUV called Polestar 7, the company announces.
Fear of China's Response: "Bad for Sweden"
Business News

Fear of China's Response: "Bad for Sweden"

The 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)
EU Says Yes to Car Tariffs - Sweden Wants Exemption
Business NewsTop News

EU Says Yes to Car Tariffs - Sweden Wants Exemption

EU countries say yes to permanent tariffs on electric cars from China. Sweden abstained and hopes for a special solution for Volvo
German Expert: Electric Car Success Goes via China
Business NewsTop News

German Expert: Electric Car Success Goes via China

It 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
New tariffs on electric cars from China may be reduced
Business News

New tariffs on electric cars from China may be reduced

The 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.
New record for Chinese electric car giant
Business News

New record for Chinese electric car giant

So high are the tariffs against Chinese electric cars
Business News

So high are the tariffs against Chinese electric cars

The 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
EU threatens China with electric car tariffs in July
Business NewsTop News

EU threatens China with electric car tariffs in July

The 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
Volvo moves production from China to Belgium
Business News

Volvo moves production from China to Belgium

Volvo Cars has started moving parts of its Chinese electric car production to Gent in Belgium, reports The Times. This is happening at the same time as the EU is investigating new import tariffs on electric cars from China
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