TOPIC

/ company

Volvo

Dating back to 1927, when its first model was built, Volvo Group used to build trucks and cars, as well as marine and aero engines. In 1999, it sold its car business to Ford Motor for US$6.45 billion, and focused on commercial vehicles. Ford sold Volvo to China’s Geely in 2010.

Chairman / President

Martin Lundstedt

CEO / Managing Director

Martin Lundstedt

CFO / Finance Director

Mats Backman

Industry

Heavy equipment

Website

volvogroup.com

Headquarters address

AB Volvo, SE-405 08 Gothenburg, Sweden

Stock Code

OMX:VOLV B

Year founded

1927

A BYD electric car on display at Germany’s Essen Motor Show in December. Photo: AP

China trade

Chinese carmakers gain as high petrol prices boost European EV sales

Chinese brands’ share of plug-in hybrid registrations across Europe climbed from about 20 per cent in January to 35.3 per cent in August.

25 Sep 2026 - 5:37PMvideocam

Electric & new energy vehicles

Geely’s Li Shufu hands over reins to younger generation for ‘healthy’ growth

18 Aug 2026 - 1:24PM

Electric & new energy vehicles

The secret behind China’s EV boom? Local alliances, not industrial policy: study

30 Jun 2026 - 7:30AMvideocam

European Union

EU bows to Trump pressure on tariffs but warns of future chaos

Trump has threatened ‘much higher’ levies if the EU does not remove import duties on US industrial goods by July 4.

16 Jun 2026 - 9:25PM

Members of the European Parliament take part in an electronic vote on the adjustment of customs duties and opening of tariff quotas for the import of certain US goods in Strasbourg on Tuesday. Photo: AFP

Electric & new energy vehicles

Geely Auto to curb excess capacity amid overhaul to boost carmaker’s global edge

Company chairman eyes plant mergers and a formal succession road map as the firm rejects price wars to focus on international growth in rivalry with BYD.

14 Jun 2026 - 8:00AMvideocam

Mergers & Acquisitions

Mercedes-Benz buys US$191 million stake in Chinese autonomous driving developer

The German carmaker obtains a 3 per cent stake in Chongqing Qianli Technology.

25 Dec 2025 - 9:00PM

Artificial intelligence

Tesla, Volvo and Mercedes-Benz win China’s approval to deploy AI chatbots in cars

China has approved the first foreign carmakers to roll out in-vehicle AI assistants, opening the door for wider adoption.

13 Nov 2025 - 7:26PM

Domestic brands have been rushing to register their own AI services to gain a competitive edge over foreign brands. Photo: Handout

Electric & new energy vehicles

Tesla and global carmakers race against Chinese EV rivals at expo

At CIIE, global brands like Tesla and Volkswagen are under pressure to win back market share from local competitors.

9 Nov 2025 - 7:36PM

Electric & new energy vehicles

Tycoon Li Shufu’s Geely Auto posts first-half profit drop, but beats estimates

The company reported a net profit of 9.3 billion yuan (US$1.3 billion), down 14 per cent from 10.8 billion yuan a year earlier.

14 Aug 2025 - 10:02PM

Malaysia

Is Malaysia’s EV boom a cybersecurity risk?

A new report says the industry’s shift towards software-dependent vehicles is creating new vulnerabilities for hackers to exploit.

30 Jul 2025 - 3:24PM

The MAS 7, Malaysian automotive firm Proton’s first electric vehicle, on display in Kuala Lumpur last year. Photo: Reuters

US-China trade war

China and the US wanted Sweden to host their next round of trade talks – why?

Analysts point to good relations with both countries and a history of neutrality as reasons for Stockholm being chosen venue for negotiations.

27 Jul 2025 - 4:30PMvideocam

Earlier trade talks between China and the US were also held in third countries. Photo: AFP

Electric & new energy vehicles

China and Europe power 24% growth in global EV sales in June

Sales in China jumped 28 per cent, while Europe’s demand rose 23 per cent to 390,000 units last month, according to Rho Motion.

16 Jul 2025 - 12:21PMvideocam

My Take

Opinion | It’s time for business to stop profiting from Israel’s ‘economy of genocide’

A UN report has exposed dozens of corporations making money from the atrocities being committed across Palestinian territories.

10 Jul 2025 - 9:00AM

China economy

Opinion | The new wave of globalisation could be China-led

Going global not only defuses the perils of protectionism, it also allows Chinese firms to bring jobs and economic benefits to the world.

26 Jun 2025 - 5:21PMvideocam

Visitors check out the Longi Green Energy Technology booth at the 2025 Intersolar Europe exhibition in Munich, Germany, on May 12. Photo: Xinhua

United States

On Balance | How Trump’s erratic tariffs could crash his US car production goals

While levies may prompt some foreign carmakers to start scaling up US-based production, many see a market plagued by uncertainty and risk.

12 May 2025 - 8:30PM

Employees work at a car factory in Arlington, Texas. Photo: The Dallas Morning News/TNS

Electric & new energy vehicles

Xpeng sets up first self-branded EV supercharging station in Hong Kong

Fierce competition among auto manufacturers is extending to charging technologies.

21 Mar 2025 - 6:15PM

Google

Automotive OS to the fore as drivers seek smartphone-style in-car features

Owners want their cars to be as functional as smartphones, and carmakers are working with software companies to make it happen.

23 Dec 2024 - 5:15PM

Electric & new energy vehicles

Why Zeekr shares slumped in New York on news of Geely Auto reorganisation

Zeekr loses 24 per cent in New York trading after announcement of Geely Auto reorganisation plan.

13 Jan 2025 - 3:50PMvideocam

Billionaire founder Li Shufu is reorganising his EV empire amid stiffer competition at home and overseas. Photo: Xinhua

China-EU relations

China EV tariff vote leaves EU relieved yet wary of retaliation

Decision to slap duties of up to 35 per cent on mainland imports lays bare divisions in European leadership as complex negotiations continue.

6 Oct 2024 - 6:15AMvideocam

129

Electric & new energy vehicles

Opinion | How Chinese EV makers can survive and thrive in Europe

China can produce affordable EVs for the world if executives adapt their management practices to fit with European cultural norms and regulations.

27 Sep 2024 - 6:00AMvideocam

Electric & new energy vehicles

Geely-owned Volvo shifting EV production to Belgium from China, report says

The carmaker will start making the EX30 and EX90 models in Belgium and may also shift the production of other models bound for the UK, the Times reported.

10 Jun 2024 - 3:37PM

Geely-owned Volvo is seen as the most exposed among Western carmakers to the potential EU tariffs. Photo: dpa

Americas and the Caribbean

China’s Latin American investments downshift to smaller, more strategic projects

High-risk, high-cost mega-infrastructure projects like those backed by Belt and Road Initiative decline in popularity, with developments now seen in sectors with faster returns and fewer operating costs.

22 Feb 2024 - 10:58PMvideocam

China-EU relations

Tesla not part of EU probe into Chinese subsidies, but could still face duties

Brussels is now focused on three Chinese-owned manufacturers in quest to level playing field for European EV makers.

27 Oct 2023 - 4:54AMvideocam

Electric & new energy vehicles

Chinese EV maker Zeekr sweeps into Europe amid subsidy spat

The company started European sales of two models just weeks ago and plans to add another seven by 2025, but its aspirations could run into a roadblock should the European Union impose extra import tariffs on Chinese EVs.

25 Sep 2023 - 5:34PM

Mergers & Acquisitions

China’s Geely to double Aston Martin stake in US$291 million deal

Geely will acquire a 17 per cent stake in Aston Martin Lagonda Global Holdings to become UK sports car maker’s third largest shareholder.

18 May 2023 - 6:50PM

An Aston Martin Valkyrie car is driven off the production line at the company’s factory in Gaydon, Britain, on March 16, 2022. Photo: Reuters

Geely

Sweden’s move to block foreign investments worries businesses

Sweden remains one of only nine in the European Union that have no legal possibility of blocking foreign investments on security grounds

16 May 2023 - 1:51PM

A rubbish bin with words that mean “The danger is not over - Keep your distance” on a pedestrian street in central Uppsala in Sweden on Wednesday, Oct. 21, 2020. Photo: TT News Agency via AP.

Electric & new energy vehicles

Shanghai Auto Show: world’s largest vehicle fair dazzles with latest models

Battery power took center stage, with makers jostling to show off their electrification credentials.

19 Apr 2023 - 4:11PM

Electric & new energy vehicles

China’s Geely plans to turn maker of London black cabs into EV powerhouse

China’s Geely is planning a big investment to turn the maker of London’s iconic black taxis into a high-volume, all-electric brand with a range of commercial and passenger vehicles.

23 Jan 2023 - 3:11PMvideocam

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Volvo

Chinese carmakers gain as high petrol prices boost European EV sales

Chinese brands’ share of plug-in hybrid registrations across Europe climbed from about 20 per cent in January to 35.3 per cent in August.

Geely’s Li Shufu hands over reins to younger generation for ‘healthy’ growth

The secret behind China’s EV boom? Local alliances, not industrial policy: study

EU bows to Trump pressure on tariffs but warns of future chaos

Trump has threatened ‘much higher’ levies if the EU does not remove import duties on US industrial goods by July 4.

Geely Auto to curb excess capacity amid overhaul to boost carmaker’s global edge

Company chairman eyes plant mergers and a formal succession road map as the firm rejects price wars to focus on international growth in rivalry with BYD.

Mercedes-Benz buys US$191 million stake in Chinese autonomous driving developer

The German carmaker obtains a 3 per cent stake in Chongqing Qianli Technology.

Tesla, Volvo and Mercedes-Benz win China’s approval to deploy AI chatbots in cars

China has approved the first foreign carmakers to roll out in-vehicle AI assistants, opening the door for wider adoption.

Tesla and global carmakers race against Chinese EV rivals at expo

At CIIE, global brands like Tesla and Volkswagen are under pressure to win back market share from local competitors.

Tycoon Li Shufu’s Geely Auto posts first-half profit drop, but beats estimates

The company reported a net profit of 9.3 billion yuan (US$1.3 billion), down 14 per cent from 10.8 billion yuan a year earlier.

Is Malaysia’s EV boom a cybersecurity risk?

A new report says the industry’s shift towards software-dependent vehicles is creating new vulnerabilities for hackers to exploit.

China and the US wanted Sweden to host their next round of trade talks – why?

Analysts point to good relations with both countries and a history of neutrality as reasons for Stockholm being chosen venue for negotiations.

China and Europe power 24% growth in global EV sales in June

Sales in China jumped 28 per cent, while Europe’s demand rose 23 per cent to 390,000 units last month, according to Rho Motion.

.css-1pcrwvc{color:#2aa191;}Opinion | It’s time for business to stop profiting from Israel’s ‘economy of genocide’

A UN report has exposed dozens of corporations making money from the atrocities being committed across Palestinian territories.

Opinion | The new wave of globalisation could be China-led

Going global not only defuses the perils of protectionism, it also allows Chinese firms to bring jobs and economic benefits to the world.

On Balance | How Trump’s erratic tariffs could crash his US car production goals

While levies may prompt some foreign carmakers to start scaling up US-based production, many see a market plagued by uncertainty and risk.

Xpeng sets up first self-branded EV supercharging station in Hong Kong

Fierce competition among auto manufacturers is extending to charging technologies.

Automotive OS to the fore as drivers seek smartphone-style in-car features

Owners want their cars to be as functional as smartphones, and carmakers are working with software companies to make it happen.

Why Zeekr shares slumped in New York on news of Geely Auto reorganisation

Zeekr loses 24 per cent in New York trading after announcement of Geely Auto reorganisation plan.

China EV tariff vote leaves EU relieved yet wary of retaliation

Decision to slap duties of up to 35 per cent on mainland imports lays bare divisions in European leadership as complex negotiations continue.

Opinion | How Chinese EV makers can survive and thrive in Europe

China can produce affordable EVs for the world if executives adapt their management practices to fit with European cultural norms and regulations.

Geely-owned Volvo shifting EV production to Belgium from China, report says

The carmaker will start making the EX30 and EX90 models in Belgium and may also shift the production of other models bound for the UK, the Times reported.

China’s Latin American investments downshift to smaller, more strategic projects

High-risk, high-cost mega-infrastructure projects like those backed by Belt and Road Initiative decline in popularity, with developments now seen in sectors with faster returns and fewer operating costs.

Tesla not part of EU probe into Chinese subsidies, but could still face duties

Brussels is now focused on three Chinese-owned manufacturers in quest to level playing field for European EV makers.

Chinese EV maker Zeekr sweeps into Europe amid subsidy spat

The company started European sales of two models just weeks ago and plans to add another seven by 2025, but its aspirations could run into a roadblock should the European Union impose extra import tariffs on Chinese EVs.

China’s Geely to double Aston Martin stake in US$291 million deal

Geely will acquire a 17 per cent stake in Aston Martin Lagonda Global Holdings to become UK sports car maker’s third largest shareholder.

Sweden’s move to block foreign investments worries businesses

Sweden remains one of only nine in the European Union that have no legal possibility of blocking foreign investments on security grounds

Shanghai Auto Show: world’s largest vehicle fair dazzles with latest models

Battery power took center stage, with makers jostling to show off their electrification credentials.

China’s Geely plans to turn maker of London black cabs into EV powerhouse

China’s Geely is planning a big investment to turn the maker of London’s iconic black taxis into a high-volume, all-electric brand with a range of commercial and passenger vehicles.

Opinion | It’s time for business to stop profiting from Israel’s ‘economy of genocide’