Volvo Cars is restructuring its business in China and the wider Asia–Pacific region in an effort to adapt to slowing sales and growing competition from domestic manufacturers. The Swedish carmaker, which is owned by China’s Geely, saw an 8 percent drop in sales in China during the first seven months of 2025. He previously served as vice president at Zeekr, a premium electric vehicle brand under Geely that is now preparing for privatisation. As part of a broader cost-saving strategy, Volvo has launched an efficiency programme worth SEK 18 billion (USD 1.9 billion). Analysts say the changes reflect the challenges faced by international brands as Chinese manufacturers such as BYD expand rapidly in the electric vehicle market.