Geely-owned Volvo shifts EV production from China to Belgium
Jun.11,2024

Asia Tech Wire (June 11) -- Volvo Cars, a Swedish automaker owned by Chinese automotive group Geely, has begun shifting production of electric vehicles in China to Belgium, in response to the possibility of the European Union imposing tariffs on Chinese imports of electric cars, according to The Times.

The models in question include Volvo's two electric SUVs, the EX30 and EX90, the report said.

Currently, the EX30 is built at a Geely plant in Zhangjiakou, while the EX90 is built at Volvo's Daqing plant.

For the U.S. market, the EX90 is built at Volvo's plant in Charleston, South Carolina, and is not affected by the tariff issue, while the future of the Chinese-made EX30 is unclear.

Previously, the U.S. has raised tariffs on Chinese-made electric cars from 27% to 100%, while the European Commission is conducting a countervailing investigation into Chinese-made electric cars.

Volvo had considered stopping sales of Chinese-made electric cars to Europe in the event of tariff increases, the report said.

However, the automaker later insisted that it would no longer make this consideration.

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