Updated
Updated · Bloomberg · May 4
Volvo Car offers Geely access to European factories
Updated
Updated · Bloomberg · May 4

Volvo Car offers Geely access to European factories

14 articles · Updated · Bloomberg · May 4
  • Chief executive Hakan Samuelsson said Geely could build cars at Volvo plants in Europe as Chinese brands seek to avoid EU electric-vehicle tariffs.
  • Samuelsson said local production is necessary for Chinese automakers to succeed in Europe, where they are expanding despite trade barriers.
  • The comments came as Volvo reported lower earnings, with the carmaker facing tougher competition in the US and China.
With Geely using Volvo's plants to bypass tariffs, can EU regulations prevent a 'Trojan horse' for its auto market?
Can Geely-made cars from a US Volvo plant bypass strict bans on Chinese auto tech and data security fears?
Is Volvo's manufacturing offer a brilliant strategic synergy or a desperate move that risks diluting its premium brand?