Tag: Geely

Volvo Group Receives EU Innovation Support for CarbonSmart Initiative

GOTHENBURG, Sweden, June 24, 2025 /PRNewswire/ — Volvo Group’s engine plant in Skövde, Sweden, has been awarded up to €49 million from the EU Innovation Fund to support the CarbonSmart Factory project: SPACE. This initiative aims to advance Volvo’s transformation through net-zero innovation and clean technology. “We transition towards sustainable foundry operations by electrifying key… Continue reading Volvo Group Receives EU Innovation Support for CarbonSmart Initiative

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 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