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Since 2025, Urban NOA and Highway NOA penetration has risen steadily.
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The rapid market transition to NEV sales puts pressure on foreign JVs.
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Construction of the facility is scheduled to begin in 2027, with vehicle production slated to commence in the early 2030s.
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Group revenue fell 22.6% to Skr66.89bn in the third quarter.
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The battery-powered sedan is the first model launched under the new FAW-VW Jetta company.
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The automaker is in discussions with Ford on possible cooperation for vehicles in these segments, including a petrol-powered SUV and pickup.
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The partnership will extend beyond China and encompass innovation, operational excellence, resilient supply chains, sustainability.
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The operation will assemble column-assist electric power steering (CEPS) systems designated for vehicles built in Brazil.
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The market was supported by the recent uptick in economic growth.
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Higher fuel prices mean demand for fuel-efficient electrified vehicles is holding up.
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