Tag: Geely

Volvo Group Reports 5% Revenue Decline in Second Quarter 2025

Volvo Group reported net sales of SEK 122.9 billion for the second quarter of 2025, representing a 5% decline when adjusted for currency movements compared to the same period in 2024. The Swedish industrial company attributed the decrease to market stabilization in Europe and customer uncertainty in North America. The company’s adjusted operating income fell… Continue reading Volvo Group Reports 5% Revenue Decline in Second Quarter 2025

Volvo Group – the second quarter 2025

GOTHENBURG, Sweden, July 17, 2025 /PRNewswire/ — “In a quarter characterized by a general stabilization of the European market and more of uncertainty and a wait and see mode among customers in North America, the Volvo Group’s net sales declined by 5% adjusted for currency movements and amounted to SEK 122.9 billion (140.2). Sales of… Continue reading Volvo Group – the second quarter 2025

Volvo Cars reports Q2 2025 results, turnaround plan is fully on track

GOTHENBURG, Sweden, July 17, 2025 /PRNewswire/ —  Q2 revenue was SEK 93.5 bn (SEK 101.5 bn in Q2 2024) Q2 EBIT included items affecting comparability of SEK 12.9 bn, consisting of an impairment of SEK 11.4 bn and restructuring charge of SEK 1.4 bn Q2 EBIT was SEK -10.0 bn (SEK 8.0 bn in Q2 2024) Q2 EBIT excluding… Continue reading Volvo Cars reports Q2 2025 results, turnaround plan is fully on track

Chinese firm GAC confirms UK launch with Volkswagen ID 3 rival

Arriving alongside the Aion UT is the Aion V, a Tesla Model Y and Skoda Enyaq-rivalling electric SUV revealed at last year’s Paris motor show.  It gets a 224bhp motor and a 90kWh LFP battery, giving a range of 324 miles. In addition to EVs, GAC intends to launch a range of hybrids, plug-in hybrids and “in some cases” pure-ICE… Continue reading Chinese firm GAC confirms UK launch with Volkswagen ID 3 rival

Honda & Nissan in Discussion to Co-Develop Advanced Auto Software

Honda Motor Co., Ltd. HMC and Nissan Motor Co., Ltd. NSANY are in discussions to jointly develop and share a foundational software platform for advanced vehicle control systems, per sources. The move is part of their effort to catch up with leading U.S. and Chinese automakers in the growing field of software-defined vehicles (SDVs). The… Continue reading Honda & Nissan in Discussion to Co-Develop Advanced Auto Software

General Motors, LGES to Upgrade Spring Hill Site to Make LFP Batteries

General Motors Company GM and LG Energy Solution’s (LGES) joint venture, Ultium Cells, is upgrading its Spring Hill, TN, plant to manufacture more affordable electric vehicle (EV) battery cells. These new batteries use lithium iron phosphate (LFP) chemistry, which is less expensive than traditional lithium-ion batteries since they don’t rely on costly materials like cobalt… Continue reading General Motors, LGES to Upgrade Spring Hill Site to Make LFP Batteries

Chinese carmaker Geely to take Zeekr unit private at $6.83 billion valuation

Geely Automobile is set to take its premium EV unit Zeekr private in a $6.83 billion deal, acquiring remaining shares to streamline operations and boost competitiveness. Geely Automobile will take its premium electric vehicle unit Zeekr private at a $6.83 billion valuation, as the Chinese automaker streamlines its business and sharpens its competitive edge. Under… Continue reading Chinese carmaker Geely to take Zeekr unit private at $6.83 billion valuation

State-owned Chinese carmakers GAC and JAC forecast record Q2 losses

State-owned Chinese automakers GAC and JAC Group are bracing for record second-quarter losses amid intensifying competition in domestic and global markets. Guangzhou Automobile Group (GAC) and JAC Group expect to post their biggest ever second-quarter losses next month, as the state-owned Chinese automakers struggle with competition at home and abroad. China’s auto sector is reeling… Continue reading State-owned Chinese carmakers GAC and JAC forecast record Q2 losses

Zeekr Group to Report Second Quarter 2025 Financial Results on August 14, 2025

HANGZHOU, China, July 16, 2025 /PRNewswire/ — ZEEKR Intelligent Technology Holding Limited (“Zeekr Group” or the “Company”) (NYSE: ZK), the world’s leading premium new energy vehicle group, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2025, before the U.S. markets open on Thursday, August 14, 2025.… Continue reading Zeekr Group to Report Second Quarter 2025 Financial Results on August 14, 2025