June 10, 2024 at 03:14AM
UK Times (gated) with the report:
Volvo cars has started to shift production of Chinese-made electric vehicles to Belgium in the expectation that the EU will drive ahead with a crackdown on Beijing-subsidised imports
Volvo is majority-owned by China’s Geely
moving production of Volvo’s EX30 and EX90 models from China to Belgium to avoid EU tariffs on China-made vehicles
This article was written by Eamonn Sheridan at www.forexlive.com.
Volvo shifting production of Chinese-made electric vehicles to Europe to avoid tariffs