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AB Volvo (publ) (VOLVF)
| Previous close | 25.92 |
| Open | 26.03 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 26.03 - 26.03 |
| 52-week range | 18.65 - 30.30 |
| Volume | |
| Avg. volume | 1,040 |
| Market cap | 52.909B |
| Beta (5Y monthly) | 1.07 |
| PE ratio (TTM) | 11.37 |
| EPS (TTM) | 2.29 |
| Earnings date | 18 Jul 2024 |
| Forward dividend & yield | 0.70 (2.70%) |
| Ex-dividend date | 28 Mar 2024 |
| 1y target est | 19.33 |
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.
- Reuters
INSIGHT-How 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.
ReutersPolestar may use US plant to sell cars to Europe as EU-China tension rises
Chinese-backed Swedish electric vehicle (EV) maker Polestar Automotive is preparing to shift production of cars it plans to sell into Europe to its U.S. plant from China in view of rising geopolitical tension, its CEO said. Asked how Polestar is preparing for a European probe into Chinese-made EVs possibly leading to increased tariffs, Thomas Ingenlath said the automaker is exploring the idea of exporting the Polestar 3 made in South Carolina to the European Union. Polestar builds the majority of its cars in the Chinese cities of Chengdu and Taizhou.
