This is Volvo Trucks (VLVLY OTC), a separate company from Volvo Cars (VLVOF OTC) which is majority-owned by Geely but publicly traded. Very interesting as Volvo has been moving quickly toward electric trucks.

Chinese automaker Geely in what I’m guessing will eventually be viewed as the steal of the century bought Volvo car division for $1.8b from Ford and did an IPO in 2021 for something like 12% of it. The new EX30 small SUV coming in 2024 may be enormously popular in the US even without an ev credit, based on how it’s anticipated and is priced in EUR. Test drive inventory coming to EUR dealers starting Nov 2023. Base will be $36k USD, about $41k for AWD. Think about it…access for ev’s to US and EUR with a strong brand, and China for the win.