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AB Volvo (publ) (VOLV-B.ST)
| Previous close | 282.60 |
| Open | 283.40 |
| Bid | 282.10 x 0 |
| Ask | 282.10 x 0 |
| Day's range | 280.80 - 284.70 |
| 52-week range | 198.60 - 321.10 |
| Volume | |
| Avg. volume | 3,571,155 |
| Market cap | 578.862B |
| Beta (5Y monthly) | 1.07 |
| PE ratio (TTM) | 11.28 |
| EPS (TTM) | 25.07 |
| Earnings date | 18 Jul 2024 |
| Forward dividend & yield | 7.50 (2.65%) |
| Ex-dividend date | 28 Mar 2024 |
| 1y target est | 313.86 |
- Reuters
UPDATE 1-Polestar speeds plans to make more cars outside China as EU-China tensions rise
Chinese-backed Swedish electric vehicle (EV) maker Polestar Automotive is accelerating efforts to produce more vehicles outside China in view of rising geopolitical tensions, its CEO said. Asked how Polestar is preparing for the possibility a European probe into Chinese-made EVs might lead to increased tariffs, Thomas Ingenlath said the automaker was exploring the idea of speeding up exporting the Polestar 3 made in South Carolina to the European Union. He said last year that the South Carolina plant, which started making Polestar cars this year, would supply both U.S. and European markets.
FortuneSwedish-founded Tesla rival Polestar considers weaning itself off China as EU probe into BYD and owner Geely brings tariff threats
Polestar CEO Thomas Ingenlath says the group may need to start making cars for EU drivers in the U.S., rather than China.
ReutersHow Volvo landed a cheap Chinese EV on U.S. shores in a trade war
A made-in-China electric vehicle will hit U.S. dealers this summer offering power and efficiency similar to the Tesla Model Y, the world's best-selling EV, but for about $8,000 less. The EX30 from Volvo Cars, the Swedish luxury brand owned by China's Geely , foreshadows the fierce competitive threat U.S. automakers could face from Chinese EV manufacturers that have surged far ahead of global rivals, especially on affordability. The $35,000 window sticker of Volvo's compact SUV hits a sweet spot in the U.S. market, where most buyers cannot afford most EVs.
