EV buyers shouldn't get government incentives, says Volvo CEO
Volvo Cars boss Jim Rowan echoed Elon Musk, telling Business Insider he disagrees with the idea that governments should ...
Volvo Car Warns of Challenging Year Ahead as Competition Heats Up — Update
The auto industry is entering 2025 facing continued challenges from weaker demand for electric vehicles and increasing competition from lower-cost Chinese EV makers. Rowan said on a call Thursday that ...
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Volvo Cars anticipates bumpy 2025 as demand slows
Sweden's Volvo Cars, owned by China's Geely Group, said Thursday that annual profits rose in 2024 despite a final quarter ...
What’s stopping more drivers in Malaysia from buying EVs
Tax exemptions and cost savings draw more to EVs, but affordability is restricted by high floor price. Read more at ...
EV Company News For The Month Of January 2025
Global electric car sales Dec. 2024 up 23% YoY to 30% share. China sales up 46% to 53% share. Europe up 4% to 28% share. USA ...
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Volvo Cars braces for turbulent 2025 after fourth-quarter profit falls
Sweden-based Volvo Cars (VOLCARb.ST) reported a fall in fourth-quarter operating profit on Thursday and predicted a turbulent 2025 with challenging market conditions. The company, which is ...
Volvo Cars weighs tariffs-led production move, warns of ‘hyper-competitiveness' in China
We’re preparing ourselves to see whether we need to start looking at production relocation or or even supplier relocation,” ...
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Zhejiang Geely's Volvo Cars Earns 19% Less in 4Q24; NEV Sales Up 32%
Volvo Cars, a subsidiary of Zhejiang Geely, announced its results for 4Q24. The quarterly net profit sank 19.5% YoY to SEK2.503 billion. Basic EPS was SEK0.84. The operating profit... Volvo Cars, a ...