Ride-hailing platform Caocao Inc, owned by Geely Holding Group, plans to deploy thousands of fully customised robotaxis globally from 2027, marking a major step in the race toward large-scale autonomous mobility.

Sweden-based Volvo Cars sold 75,049 vehicles in December, marking a 2% increase compared with the same month last year.

Electric vehicle maker Polestar announced it will conduct a reverse stock split to boost its share price and maintain its Nasdaq listing, as the company continues to face mounting losses.

Volvo Cars reported a modest increase in third-quarter profit on Thursday, with aggressive cost-cutting measures helping offset the effects of U.S. tariffs and intense market competition.