Volvo shifts EV lines to EU from ChinaDISAGREEMENT: German Chancellor Olaf Scholz has spoken out against the tariffs, as it would affect his country’s auto industry, which benefits from business in China Volvo Car AB has started to shift manufacturing of Chinese-made electric vehicles (EVs) to Belgium as the EU prepares to impose tariffs on China-made EVs, the Times reported. On top of transferring production of Volvo’s EX30 and EX90 models to Belgium, the automaker might also move assembly of some Volvo models bound for the UK, the report said, citing unidentified people. Volvo, which is owned by Zhejiang Geely Holding Group Co (吉利控股集團), is seen as the most exposed among western automakers to the potential tariffs, the Times said. Trade frictions between the EU and China have led to a barrage of anti-dumping probes

Source: Taipei Times June 11, 2024 18:42 UTC