Overview

• Volvo’s global July deliveries fell 14% year-on-year to 49,273 units, marking a fifth consecutive monthly decline
• Sales of fully electric cars tumbled 26% to 10,511 units while plug-in hybrid deliveries dropped 21% to 11,461
• The automaker recorded a SEK 10.0 billion operating loss in Q2, its first since the 2021 IPO, driven by restructuring charges and non-cash impairments
• CEO Håkan Samuelsson said that macroeconomic headwinds, tariff uncertainties and intensifying competition are undercutting demand
• Polestar’s July registrations in Sweden slid 46.7% month-on-month but rose 42.7% year-on-year, and U.S. deliveries dipped 6.7% sequentially and 5.6% annually