.9% y/y. The number of business days in April was 26, one day more than in the same month last year. Light vehicle seasonally adjusted annualized sales (SAAR) for April 2025 was 17.3 million units versus 16.0 million units one year ago. The U.S. has imposed an additional 25% tariff on all passenger car and light truck imports since April 3. President Trump, impatient with the progress in tariff negotiations, announced on April 29 a presidential d...

News  Updated at: 2025/05/02

Volvo Cars starts production of fully electric EX30 in Ghent plant, Belgium On April 25, Volvo Cars started the production of the fully electric EX30 small SUV at its Ghent manufacturing plant in Belgium. The company will also begin production of the EX30 Cross Country variant at the same facility later this year. The EX30 production in Ghent will create around 350 new jobs, bringing the plant's workforce to almost 6,600. To support EX30 producti...

News  Updated at: 2025/04/25

Volvo Cars may take two years to expand U.S. production to avoid tariffs On April 11, Volvo Cars CEO Hakan Samuelsson told local Swedish media that the company will need up to two years to expand its U.S. car production to avoid hefty import tariffs. Samuelsson was responding to a previous statement that Volvo Cars was working towards increasing production at its plant in Ridgeville, South Carolina as a response to tariffs. Samuelsson said it wou...

News  Updated at: 2025/04/16

China Passenger Car Association analysis of production and sales volumes for March 2025 The China Passenger Car Association (CPCA) announced the production and sales volumes of passenger cars (including sedans, SUVs, and MPVs, excluding minivans) for March 2025. China passenger car production and sales volumes in March 2025 Retail March retail sales volumes of passenger cars totaled 1.940 million units, reflecting a year-over-year (y/y) increase ...

News  Updated at: 2025/04/11

Manila International Auto Show 2025 kicks off On April 10, 2025, the Manila International Auto Show (MIAS) 2025 officially opened its doors, celebrating 20 years of automotive excellence in the Philippines. With the theme “Driven by Connection,” this year’s event runs until April 13. The latest innovations from over 20 international car brands will be presented. Participating brands include Aion, BAIC, BYD, Changan, Chery, Foton, GAC, Grea...

News  Updated at: 2025/04/10

Volvo vows to boost U.S. production after 25% tariffs imposed On April 3, newly reinstated Volvo Car CEO Hakan Samuelsson said that his company will have to increase the number of cars it builds at its plant in Ridgeville, South Carolina, including the addition of another model, after U.S. President Trump raised tariffs on imported automobiles. Volvo already builds EX90 and Polestar 3 electric vehicles in Ridgeville, and “will have to look clos...

News  Updated at: 2025/04/04

EU Commission fines carmakers EUR 458 million for illegal end-of-life vehicle recycling cartel On April 1, the European Commission announced that it has fined 15 major carmakers and the European Automobile Manufacturers’ Association (ACEA) a total of around EUR 458 million for participating in a long-lasting cartel concerning end-of-life vehicle (ELV) recycling. Mercedes-Benz was not fined, as it revealed the cartel to the Commission under the ...

News  Updated at: 2025/04/02

U.S. auto sales up 9.1% in March as pre-tariff rush boosts new car sales Note: Some figures were updated on April 10 (2nd update). The number of new vehicles sold in the U.S. in March 2025 (preliminary figures including estimates for GM/Stellantis/Tesla, etc.), as aggregated by MarkLines as of April 2, was 1,591,710 units, up 9.1% y/y.  The U.S. is set to impose 25% tariffs on all passenger car and light-truck imports on April 3, which is expect...

News  Updated at: 2025/04/02

Volvo Cars announces best sales in history and 6% increase in core operating profit for 2024 On March 12, Volvo Car AB released its 2024 Annual and Sustainability Report, available on its Investors website, announcing key financial results, strategic priorities, and sustainability efforts, prepared in accordance with Global Reporting Initiative (GRI) standards. Volvo Cars achieved record-breaking performance for the second consecutive year, repor...

News  Updated at: 2025/03/13

China Passenger Car Association analysis of production, sales volumes for February 2025 The China Passenger Car Association (CPCA) announced the production and sales volumes of passenger cars (including sedans, SUVs, and MPVs, excluding minivans) for February 2025. China passenger car production and sales volumes in February 2025 Retail February retail sales volumes of passenger cars totaled 1.386 million units, reflecting a year-over-year (y/y) ...

News  Updated at: 2025/03/12

Volvo considers expanded U.S. production in face of U.S. tariffs Volvo may expand output at its U.S. plant if U.S. President Donald Trump carries out his threat to significantly increase tariffs on European auto imports. Volvo CEO Jim Rowan expects the 2.5% tariff imposed by the U.S. on European imports to be increased, as U.S. auto exports to the EU must pay a 10% tariff. “The question is, does it go as high as 25% because of Canada and Mexico...

News  Updated at: 2025/03/06

Luminar technology selected for new electric Volvo ES90 On March 5, Luminar announced that its technology will be equipped in the new Volvo ES90, which is slated for production later in 2025. This marks the second Volvo car model to feature Luminar’s technology, following the successful launch of the automaker’s flagship SUV, the Volvo EX90, which is now being delivered to customers. “The Iris lidar on ES90 will complement an advanced set o...

News  Updated at: 2025/03/06

Volvo Car India launches XC90 B5 Ultra SUV facelift On March 4, Volvo Car India unveiled the new XC90 B5 Ultra SUVs, priced at INR 10.29 million. It gets a 1,969-cc gasoline mild-hybrid engine with a max output of 250 bhp and max torque of 360 nm mated with an automatic 8-speed AWD Utilizing the radar and front camera, the new XC90 can detect unintentional lane drifts and automatically steer the vehicle back into its lane, preventing potential co...

News  Updated at: 2025/03/05

cted. GM, Nissan, and Mazda, which import a high percentage of their vehicles sold in the U.S. from Mexico, are concerned about the magnitude of the impact. If supply chains are disrupted, it cannot be ruled out that U.S. inventories, which have been on the road to recovery, will once again become scarce. The Trump administration announced in February that it would impose an additional 25% tariff on steel and aluminum imports for all countries, a...

News  Updated at: 2025/03/04

), through its subsidiary, PT Haleyora Power, signed an MOU with PT SGMW Motor Indonesia (Wuling) to provide easy home charging services for Wuling EV owners within a maximum of 7 days from the date of submission, accelerating development of the EV ecosystem in Indonesia. The signing of the MoU was carried out on the sidelines of the IIMS 2025 on February 14. Under the agreement, Wuling plays a role in providing information to customers regarding...

News  Updated at: 2025/02/25

Volvo Cars unveils first look of new fully electric ES90 On February 20, Volvo Cars unveiled the first look of its all-new fully electric Volvo ES90, which is scheduled to be launched on March 5, 2025. The ES90 is Volvo's first car with a dual NVIDIA DRIVE AGX Orin setup, making it the most powerful Volvo Car in core computing. With 508 trillion operations per second of computational power, it manages AI-driven safety, car sensors, and battery e...

News  Updated at: 2025/02/20

Volvo Car Thailand sees BEVs account for 80% of its total sales in 2024, led by EX30 Reported on February 14, 2025, Volvo Car Thailand anticipated another difficult year for the Thai automotive industry amid weak auto loans, high household debt levels, and the slow economy. The company estimated that the local car market will reach 550,000 – 560,000 units in 2025, down from 572,675 units in 2024.Volvo said Trump's trade policy will not directly...

News  Updated at: 2025/02/18

China Passenger Car Association analysis of production, sales volumes for January 2025 The China Passenger Car Association (CPCA) announced the production and sales volumes of passenger cars (including sedans, SUVs, and MPVs, excluding minivans) for January 2025. China passenger car production and sales volumes in January 2025 Retail January retail sales volumes of passenger cars totaled 1.794 million units, reflecting a year-over-year (y/y) decr...

News  Updated at: 2025/02/12

Volvo Car Malaysia sells 1,953 cars in 2024; BEVs and PHEVs account for 83% Reported on February 7, 2025, Volvo Car Malaysia (VCM) recorded sales of 1,953 cars in 2024. According to the company, BEV and PHEV models contributed around 83% of VCM’s total retail sales in 2024, compared with 71% noted in 2023. BEV models alone accounted for 30% of total retail sales in 2024, an increase of 18% YoY. Meanwhile, MHEV models made up less than 20% of th...

News  Updated at: 2025/02/11

Volvo Cars approves equity transfer, Zeekr to acquire 30% stake in Lynk & Co On February 6, Volvo Cars announced the approval of the Equity Transfer Agreement, allowing Zeekr to acquire a 30% equity stake in Lynk & Co Automotive Technology Co., Ltd. from Volvo Car (China) Investment Co., Ltd., a wholly owned subsidiary of Volvo Cars. The transaction is worth EUR 700 million and is expected to close during the first quarter 2025. Additionally, Vol...

News  Updated at: 2025/02/07