Volvo classes Hemys 2024 Office as considering result due to thachi

Sweden Volvo cars on Thursday reported A 12% of the year performance performance, but notified of the severe challenges of the severe severe by the competition of intensifying electric vehicle and global fees.

Automobile, which is mad at China, he said the operating income has arrived at 22.3 billion ($ 2,04 billion in 20% increase a 8% sale

However, the slid profit 28% in the final three months, which society has one-off 1 billion. Kronorituated Kronor with Northern Northwest Northwest, Northwest, Novo Enery. Year sales for the fourth nudged quarter 1% higher, but Shed 6% in China and 2% in the US

The company has re-ridden in order to bring a core manager before (ebite), but said 2025 would be a “toward the desire to flight market and” increased discounts “through industry.

This will be able to be difficult to cross the voleumes and profit and profit, has adjusted.

Shoot’s actions 6% to the European market open on Thursday.

Many automobiles are fighted with increased competition and high expense in electric vehicle space, including tip players as well as Tesla. I am

Volvo cars In September has screwed its plan Selling only Evs for 2030, citing “different speed of the adoption” from customers. In their 2024 results, part of battery part evond 23% from 16% during the previous year.

“I think it’s a reasonable given the amount of turbulence, who we still cy in (20) 24,” Volvo, CEO Jim Rowan in the interview of June.

»(20) 25. See not seeing the turburough cream and thoughts we see turbulence in terms of business tariffs, maybe to see some policy changes. I also think we see a transulution to their end of Volvo, because we have a polish technology, because we have big and plug technology in hybrid technology.

Global automobiles were wonderful on Monday after your President Donald Trump advertised to Canada and Mexico, key production and supply for vehicle Since deployment of duties has been signed for 30 days. I am

Rowan said volvo cars was now evaluation if you need to express their production lines to protect himself.

The company has already had to surf Increase fees for Evs coming from China in the European Union and he was transferring the production from China in Belgium as a consecurs, he said.

“Last year, we saw the batteries increase by 7.5% when they care about USA, if originated by the USA by a free trade”, he said to CNCC.

“So we see more than, and we’ll wait, see, searched, wat if you have to start searching for production transfer for difference for different parts of the world. So it will be turbulent. “

“Then we go to this muted fat to the technology then electrification, excossy, silicon, connessioni and which data, which one is added.

High cost of developing a new automobile technology as partially driving vehicles is expected industry concurrence, most recently Discussion of volatile work To Japan Honda and it Nissan. I am

On the competition from Chinese players as BydRowan said CNBC: “Discount is figured mainly in the entry, mass market evs.”

Added that their company is really not in that sector “and mainly selling the hybrids electrical mud-in chine in chinese in the question for an offer.

“This said, I think going on to finding her domestic markets and try to pick up the market here to keep the rivers of the revenues”, Rowan said.

“Then I think the competitiveness and discipline begins in China. But I think it will leave me through Europe and in North America, through 2025.”