Volvo Car Aktie

Volvo Cars reports a sequential recovery in deliveries in the second quarter, driven by persistently strong demand for pure electric vehicles. Deliveries of pure EVs rose 14%, marking the ninth month of growth, while total deliveries fell 5.6% after a 35% year-on-year plunge in China. Electrified models accounted for 52% of group sales; EX30 and EX40 are particularly strong in Europe, and the stock rose about 2.7% in early trading. » Más en de.investing.com

Volvo Cars’ revenue fell 12% in the first quarter to SEK 72.6bn, and retail sales dropped 11% to about 153,300 vehicles. EBIT declined 17% to SEK 1.6bn, the margin was 2.2%, and net profit shrank from SEK 1bn to SEK 0.7bn. Operational and investment-related outflows amounted to SEK 10bn; Volvo cites U.S. import tariffs, depreciation and selling prices as reasons. At the same time, sales of fully electric models rose 12% and their share reached nearly a quarter, with the new EX60 seen as the next growth driver. » Más en finanzen.net

Li Shufu, chairman of Volvo Cars and Geely Holding, urged at the annual general meeting to intensify cooperation between Volvo Cars and sister brands such as Polestar and Geely Auto and to strengthen R&D capabilities in China. He pointed to impairments of over US$1 billion in 2025 as a reason for urgent stronger global cooperation. The board is actively working on solutions to address the challenges in the short term, with Volvo Cars’ brand strength emphasized as a central asset. » Más en de.investing.com