Leif Johansson, President of the Volvo Group, made a notable statement at the Capital Markets Conference on June 21, highlighting the company’s continued commitment to expanding its presence in Asia, particularly in China and Eastern Europe. He emphasized that while the Americas and Europe remain the group’s primary markets, Asia presents significant growth opportunities. Countries like Japan, South Korea, and especially China are seen as key areas with untapped potential. Johansson noted that the Chinese market is still largely unexplored for Volvo Trucks. He explained that the current technological advancements of Volvo trucks may not align perfectly with the current needs of the Chinese market, but he is confident that as the market evolves, demand for Volvo's high-quality and innovative products will grow substantially. To strengthen its position in China, the Volvo Group has already taken proactive steps by acquiring Nissan Diesel, which holds a significant stake in China Dongfeng Motor Manufacturing. This strategic move allows Volvo to deepen its local partnerships and better serve the region. As part of this collaboration, the company plans to launch nine different joint projects with Nissan Diesel and China Dongfeng, focusing on technology sharing, product development, and market expansion. These initiatives reflect Volvo’s long-term vision for sustainable growth in one of the world’s most dynamic economies.

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