Tag: Geely

Volvo Construction Equipment Sells Chinese Subsidiary SDLG for $700 Million

Volvo Construction Equipment has agreed to sell its majority stake in Chinese subsidiary SDLG to a fund controlled by the Lingong Group for SEK 8 billion ($700 million), the Swedish construction equipment manufacturer announced. The transaction will generate a positive impact of SEK 1 billion on operating income when completed. The sale involves Volvo CE’s… Continue reading Volvo Construction Equipment Sells Chinese Subsidiary SDLG for $700 Million

Volvo Construction Equipment refocuses its presence in China – divests its shares in SDLG

GOTHENBURG, Sweden, June 24, 2025 /PRNewswire/ — Volvo Construction Equipment (Volvo CE) has signed a contract to sell its ownership in China-based SDLG (Shandong Lingong Construction Machinery Co) to a fund predominantly owned by the Lingong Group (LGG) for SEK 8 billion (6 billion RMB.) The transaction is expected to have a positive effect of… Continue reading Volvo Construction Equipment refocuses its presence in China – divests its shares in SDLG

Volvo Construction Equipment acquires Swecon

GOTHENBURG, Sweden, June 24, 2025 /PRNewswire/ — Volvo Construction Equipment (Volvo CE) has come to an agreement with Lantmännen to acquire the Swecon’s business operations in Sweden, Germany and the Baltics including Entrack. Volvo CE will pay 7 billion SEK for the acquisition, which is subject to regulatory approval. Closing of the deal is anticipated in… Continue reading Volvo Construction Equipment acquires Swecon

Międzynarodowy salon branży sportowej „Globalna łączność – Współpraca międzybranżowa” odbył się w Hongkongu

CHENGDU (Chiny), 23 czerwca 2025 r. /PRNewswire/ — W dniu 20 czerwca w Hongkongu odbył się międzynarodowy salon branży sportowej zatytułowany „Globalna łączność – Współpraca międzybranżowa”. Wydarzenie zostało zorganizowane przez National Business Daily, przy wsparciu Centrum Think Tank NBD w Hongkongu oraz Federacji Sportowej Chengdu, Hong Kong Commercial Daily i COJOY. Wzięło w nim udział… Continue reading Międzynarodowy salon branży sportowej „Globalna łączność – Współpraca międzybranżowa” odbył się w Hongkongu

Mercedes Leads FY2025 Luxury Car Market; E-Class LWB Emerges as Top Seller

Even though the Indian luxury car market saw tepid growth, the segment remains dynamic, driven by premium SUVs, expanding EV portfolios and greater localisation. The top five players in the segment, namely Mercedes-Benz, BMW, Jaguar Land Rover, Audi and Volvo, added 48,849 units to the total sales tally in FY25, a minuscule 0.55 percent year-on-year… Continue reading Mercedes Leads FY2025 Luxury Car Market; E-Class LWB Emerges as Top Seller

Mezinárodní salon sportovního průmyslu “Globální propojení – interakce mezi odvětvími” v Hongkongu

ČCHENG-TU, Čína, 22. června 2025 /PRNewswire/ — Dne 20. června se v Hongkongu konal mezinárodní salon sportovního průmyslu “Globální propojení – interakce mezi odvětvími”. Akci pořádal deník National Business Daily, organizovalo ji hongkongské centrum NBD Think Tank a podpořily ji sportovní federace Čcheng-tu,  Hong Kong Commercial Daily („Hongkongský obchodní deník”) a společnost COJOY, což přilákalo… Continue reading Mezinárodní salon sportovního průmyslu “Globální propojení – interakce mezi odvětvími” v Hongkongu