Volvo is moving EV production from China to Belgium as the EU eyes tariffs on Beijing
Volvo is moving EV production from China to Belgium as the EU eyes tariffs on Beijing
On top of transferring production of Volvo’s EX30 and EX90 models to Belgium, the carmaker may also move assembly of some Volvo models bound for the UK.
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Good. But European firms must also stop putting European intellectual property and national security at risk by outsourcing the making of sensitive technology to China or other countries, and Chinese and other foreign companies shouldn't be allowed to take over European companies (the latter being a corresponding rule in China for foreign companies btw).
I moved to sweden and this is one of the things i hate. Think of any big swedish company. Its probably not swedish anymore. Skype-sold, volvo(cars)-sold, ikea-registered in another country so they dont pay taxes, etc
Edit: then theres H&M and all the fucked up shit they do...
Volvo already is a Chinese brand because it's owned by Geely. It's not an independent Swedish car maker that just happened to outsource production to China.
It is chinese owned but Volvo is still a thing in Sweden. Geely bought them(Volvo Cars), gave them infinite money, so that Volvo could design and make cars like the 2nd gen xc90. In return Geely acquired the technology and know how on how to make quality cars.
Nowadays, Volvo can combine their world leading car design with Geely's electric vehicle platforms. Thats how you get a car like upcoming volvo ex30, that is cheap and (probably) good.
When Volvo was owned by Ford, it was about to go the way of the Dodo(aka Saab). Geely saved it and made it a competitive car brand.
GM killed off SAAB for no good reason. We could have had Koenigsegg as the owner of SAAB.....
GM almost killed Opel, until Peugeot saved them.
I don't know how GM operates but it doesn't look healthy.