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Volvo Cars CEO: Company Must Depend on Locally-Manufactured Vehicles for Re-entry into Chinese Market
5 hour ago /
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Author：小编
In the third quarter of 2026, Volvo Cars experienced a notable decline in its adjusted gross profit margin, which fell to 14.7% from 20.4% during the same period the previous year. Similarly, the adjusted EBIT margin dipped to -5.6%, a stark contrast to the 6.7% recorded in the corresponding quarter of the preceding year. The CEO of Volvo Cars emphasized that, in order to re-enter the Chinese market successfully, the company must pivot towards relying on domestically-produced vehicles. Furthermore, he highlighted the importance of deepening collaboration with Geely by incorporating more shared hardware components.
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