The preemptive step by the Geely-owned carmaker will help avert a halt in sales to the bloc and a consequent dent in revenue.
Volvo has begun shifting production of its China-made electric vehicles to Belgium as the European Union prepares to crack down on imports of Beijing-subsidized EVs.
Volvo, majorly-owned by China’s Geely, will be diverting the production of its EX30 and EX90 to Belgium, says a report in The Times.
Among Western carmakers, Volvo is most exposed to the potential tariffs. The Swedish-headquartered automaker was earlier planning to halt the sales of China-made EVs in Europe if the tariffs were imposed, the report…
