Decrection of Volvo Loss

[] Due to the outbreak of the new crown pneumonia, Volvo Motors have been affected by the first half of this year, but the company’s management believes that the performance decline is temporary, and it is expected that strong recovery will appear in the second half of the year.

  Volvo recently released 2020 and half a year showed that the company opened a 上海品茶红场 billion Swedish Krone (about billion dollars in the first half of the year). The same period was 5.5 billion Sweden Krone (about billion US dollars) last year. The company’s operating income in the first half of the year is 112 billion Sweden Krron, which fell about 14% over the same period last year.

The company sells 26,9962 cars in the first half of this year, which fell about 21% from 340826 sales last year.

  Although the first quarter was seriously affected by the epidemic, Volvo resumed sales growth in China and the United States in the second quarter. In this regard, the Volvo high layer shows confidence in the prospect.

  The CEO of Volvo Mott, said that the impact of the decline in the decline in the first half of the year is temporary, the company is still very strong; the market development trend shows that the company’s strategy is still correct. For example, in the Chinese market, as customers returned to retailers, the company has resumed robust growth in the second quarter; at the same time, the company also rebounded in the United States and Europe, so it is expected to be strong in the second half of the year. Volvo’s confidence comes from the active response to the epidemic and the continued promotion of enterprises to transformation. In the first half of 2020, the company’s increasing production plan was affected.

To this end, Volvo actively took a series of measures to protect the company’s employees and business, and strive to reduce the impact of the epidemic on the business.

For example, the company temporarily closed the factory that was affected by the epidemic and replaced the government’s support, and implemented a shortened working time measures in Europe while maintaining close cooperation with the company’s supply chain partners. The challenge brought about by the epidemic has strengthened the company’s confidence in the company’s strategic transitions in these areas. Volvo has strengthened digital services and online sales channels in the first half of this year.

Samuel Song said that the company will continue to focus on electric, online sales, and mobile interconnection technology, and increase investment in these areas, and the acceleration transformation of these services will bring long-term growth.

  Volvo Motors expects that with the gradual normalization of the car market, its business will be recovered in the second half of the year. The company said that almost all factories have resumed production.

"We expect strong recovery in the second half of the year.

"Samuel Song said.

  Its confidence comes from expectations for market prospects.

In Volvo, the market will increase the demand for electric vehicles. Therefore, the company will provide plug-in hybrid models for all models in the product portfolio, and started to produce the company’s first full electric vehicle XC40 this year. P8 Recharge 上海高端水磨 and will launch the first batch of all-electric vehicles in the next few years. "The market environment makes a challenge in the first half of 2020, but I have confidence, we have the ability to achieve strong growth in the second half of this year. If the market is expected to recover, we expect sales to return to the company in the second half of 2019, The company’s profit level and cash flow will also return to the same level. "Samuel said. Analysts pointed out that Volvo cars have accelerated the layout in electrical, online sales, and mobile interconnection technology. For example, Walvo announced not long agolius to develop sharing automatic driving pure electric vehicles with automatic driving development company Waymo. In addition, Volvo Motors need engineers in the field of electric vehicles to help companies 上海外卖私人工作室 achieve an accelerated transformation of electricization. In the first half, the company’s Swedish business has laid a 1,300, and the contract is terminated with 300 consultants.

All the texts, pictures, audio and video manuscripts, and electronic magazines such as "Economic Reference News" or "Economic Reference Network" are copyrighted by the Economic Reference News. Any form publishing and playing.