Volvo Cars CEO: dual tech for China and the West is new trade reality
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Euronews.com
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Volvo Cars plans to develop separate technologies for Chinese and Western markets due to fragmented trade, as stated by CEO Håkan Samuelsson. The company aims to create distinct software and components for each region, adapting to local demands. Despite challenges like US tariffs and a drop in profits, Volvo is focusing on improving profitability in the US and China while maintaining a significant presence in Europe. Samuelsson emphasized the need for tailored products and highlighted recent sales trends in both regions. Teljes cikk (Euronews.com)