Sunwoda Reaches Settlement With Geely-Backed VREMT, Sees Over $72M Profit Hit in 2025
Sunwoda expects the settlement to impact its net profit attributable to shareholders in 2025 by RMB 500–800 million ($72–115 million).
Volvo
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Volvo Reports 177,830 Global Sales in Three Months to End of Jan, Down 7%
In the reported three-month period, Volvo’s EV models together accounted for 49% of total deliveries, with BEVs representing 24% and PHEVs 25%.
Geely, Volvo-Backed Polestar Secures $400 Million Equity Financing
The transaction does not require regulatory approval and is expected to close by February 5, 2026.
BYD Seal U Overtakes VW Tiguan, Volvo XC60 to Become Europe’s Best-Selling PHEV in 2025
The cumulative European sales of the Seal U PHEV reached 72,667 units in 2025.
Sunwoda Chairman: Battery Pack in Volvo EX30 Recall Not Supplied by Us
This clarification shifts core responsibility to the vehicle manufacturer’s system integration, not cell manufacturing.
Volvo Sells 149,166 Cars in China in 2025
The new XC70 has become Volvo’s key growth engine, leading luxury hybrid sales and forming a strong “twin-star” lineup with the XC60.
Polestar Secures Up to $600 Million Loan From Controlling Shareholder Geely
According to the filing, the first $300 million of the term loan is a committed facility, while the second $300 million is uncommitted and subject to lender approval based on Polestar’s future liquidity needs.
Volvo Reports 14,236 November Sales in China, 43% from NEVs
Behind the sales growth is Volvo’s strategic deepening of treating China as its second home market.
Geely Holding Group Reports 2.95 Million Sales in First Three Quarters, Up 29%
Geely Holding Group delivered 1.02 million vehicles in the third quarter, including 590,000 NEVs, up 59%
Geely-backed Polestar Shuts Last Physical Store in China, Shifts to Online Sales
In the first half of this year, Polestar sold just 69 vehicles in China, recording zero deliveries in both April and May.