STOCKHOLM, Feb 3 (Reuters) – Sweden-based Volvo Car AB (VOLCARb.ST) said on Friday its sales increased by 2% year-on-year in January to 48,520 cars as sales tumbled in China due to public holidays. Volvo Cars, which is majority-owned by China’s Geely Holding (0175.HK), said the increase at group level was led by markets such as… Continue reading Untitled
Tag: Geely
Tina Hultkvist to resign as Volvo Group Chief Financial Officer and member of the Executive Board
GOTHENBURG, Sweden, Feb. 3, 2023 /PRNewswire/ — Tina Hultkvist has decided to resign from her role as Volvo Group Chief Financial Officer and member of the Executive Board. She has 25 years of experience at Volvo Group and has served as the Volvo Group CFO since March 2022. Jan Ytterberg, previously Volvo Group Chief Financial Officer… Continue reading Tina Hultkvist to resign as Volvo Group Chief Financial Officer and member of the Executive Board
Electric cars gain record market share in Europe
Electric car sales set a new market share record in the European Union in 2022, industry figures showed Wednesday, as the region seeks to rid itself of fossil fuel cars. Battery-powered electric cars accounted for 12.1 percent of new car sales, compared to 9.1 percent in 2021 and 1.9 percent in 2019, according to the… Continue reading Electric cars gain record market share in Europe
Chinese lidar maker Hesai says looking to raise up to $171m in US IPOTo date, Hesai has raised over $500m from Xiaomi, Baidu and others.
China’s Hesai Group on Friday announced plans to raise as much as $171 million in an initial public offering in the United States, according to a term sheet. The Shanghai-based lidar maker will offer up to 9 million American depositary shares (ADS) at between $17 and $19 apiece. Laser-based lidar sensors help self-driving cars detect objects ahead… Continue reading Chinese lidar maker Hesai says looking to raise up to $171m in US IPOTo date, Hesai has raised over $500m from Xiaomi, Baidu and others.
Off Highway Vehicle Engine Global Market Report 2022: Sector to Reach $54.12 Billion by 2027 at a CAGR of 6.26%
DUBLIN, Feb. 2, 2023 /PRNewswire/ — The “Off Highway Vehicle Engine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering. The global off highway vehicle engine market reached a value of US$ 37.59 Billion in 2021. Looking forward, the publisher expects the market to reach a… Continue reading Off Highway Vehicle Engine Global Market Report 2022: Sector to Reach $54.12 Billion by 2027 at a CAGR of 6.26%
China’s Zhejiang looks to produce over 1.2m new energy vehicles in 2025
Employees work on the production line of Geely Auto’s engine manufacturing unit in Yiwu, Zhejiang province. [Photo by Lyu Bin/For China Daily] HANGZHOU – China’s major economic powerhouse Zhejiang province recently released an action plan aimed at accelerating the development of its new-energy automobile industry. According to the plan, Zhejiang’s annual output of new energy… Continue reading China’s Zhejiang looks to produce over 1.2m new energy vehicles in 2025
Carmakers aiming to leap forward
Customers examine a Hongqi SUV at a shopping mall in Tianjin on Jan 26. [Photo by Li Fusheng/China Daily] Editor’s Note: China is the world’s largest and most dynamic vehicle market, where established marques and startups vie to roll out new models. Chinese car consumers probably have the greatest know-how of cutting-edge vehicle-related smart technology,… Continue reading Carmakers aiming to leap forward
Outlook on the SUV Global Market to 2027 – Need for Premium Vehicles and Rising Acceptance for SUVs Driving Growth
DUBLIN, Feb. 2, 2023 /PRNewswire/ — The “SUV Market Size, Trends and Growth opportunity, By Type, By Propulsion, By EV Type, By Size, By Seating Capacity, By Price Range, By Class By Application, Regional Outlook, Competitive Market Share & Forecast, Global Forecast till 2027.” report has been added to ResearchAndMarkets.com’s offering. The Global SUV Market was… Continue reading Outlook on the SUV Global Market to 2027 – Need for Premium Vehicles and Rising Acceptance for SUVs Driving Growth
VECV reports 32% jump in January 2023 sales to 7181 units
Volvo Eicher Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, sold 7181 units in January 2023, up 32.1% from 5434 units in January 2022. This comprises 6992 Eicher brand vehicles and 189 Volvo brand vehicles. In terms of sales volume, the company noted in a statement that Eicher branded trucks and… Continue reading VECV reports 32% jump in January 2023 sales to 7181 units
Peugeot 208 is Europe’s best-seller in 2022, new car market in third straight year of decline
Peugeot 208 is Europe’s best-seller in 2022, new car market in third straight year of decline The European new car market recorded another year-on-year decline in 2022. According to JATO Dynamics data for 30 markets (EU-26 + UK, Norway, Switzerland, and Iceland), volume totalled 11,309,310 units, down by 4.1% when compared to 2021, and the… Continue reading Peugeot 208 is Europe’s best-seller in 2022, new car market in third straight year of decline