Volvo Cars just posted a Q3 operating loss of SEK 5.6 billion. China revenue f… · @boz_wave · TwKit

@boz_wave

Volvo Cars just posted a Q3 operating loss of SEK 5.6 billion. China revenue fell nearly 50% year-on-year. They’re cutting about 2,500 jobs worldwide. Shares plunged more than 20%. CEO Håkan Samuelsson said the shift in China came faster than expected — global cars designed in Europe no longer work there. Local Chinese EVs now set the price and the pace. Do Western brands still have a real shot in China’s EV market — or only if they build fully local?

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