Volvo to shift EV production to Europe to escape China tariffs
Volvo has started to divert production of Chinese-made electric vehicles to Belgium in the expectation that the European Union will drive ahead with a crackdown on Beijing-subsidised imports.The Swedish-headquartered company is seen as the most exposed among western carmakers to the controversial plans to impose tariffs on a flood of cheap EVs that are heading to Europe from Chinese factories. Company insiders said that Volvo, itself owned by the Chinese carmaker Geely, was considering plans to ...
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