Etiqueta: volvo

May’s auto sales saw plugin EVs take 22.3% share in France, a drop from 24.1% year-on-year.

BYD Expands Hungarian Presence with European HQ

(Bloomberg) -- El fabricante sueco de automóviles Volvo Car AB planea eliminar alrededor del 7% de su plantilla global para reducir costos, contrarrestar menor demanda y proteger sus ganancias.La medida afectará a unos 3.000 puestos de trabajo, incluidos 1.000 consultores, según informó Volvo el lunes. El fabricante emplea a unas 43.800 personas, más de la mitad de ellas en Suecia.Volvo incurrirá en costos de reestructuración de hasta 1.500 millones de coronas suecas (US$140 millones), lo que af

Chinese automaker BYD plans to enter the Japanese market with a compact electric kei car. Recently seen on Japanese roads, the EV meets Japan's strict kei car standards and may launch by 2026. Japan's kei car market remains tightly guarded by unique rules. Known as "keijidōsha," these vehicles must stay under 3.4 meters long, 1.48 meters wide, and ...

Stable market in April and throughout 2025 so far

As Volvo struggles with falling EV sales, sister brand Geely surges ahead.

[HONG KONG] Billionaire Li Shufu is shaking up his sprawling Geely auto empire, lining up a new chief executive weeks after a shock move to take its US-listed premium electric car brand Zeekr private.

Sometimes a U-turn is necessary. China's Geely Auto is offering to take electric-vehicle unit Zeekr private less than a year after the company's debut in New York. Absorbing the $6.4 billion entity will help Geely group founder Li Shufu extract synergies from his auto empire in an opportunistically timed deal.

A message from the US Chamber of Commerce The US Chamber of Commerce is pleased to present this independent report, prepared by Rhodium Group, assessing China’s Made in China 2025 (MIC25) policy.…