Volvo Car has started to shift production of Chinese-made electric vehicles to Belgium in anticipation that the European Union will crack down on Beijing-subsidised imports, the Times reported on Saturday.
The European Commission, which oversees trade policy in the 27-nation European Union, launched an investigation last year into whether fully-electric cars manufactured in China were receiving distortive subsidies and warranted extra tariffs.
Volvo, which is majority-owned by China’s Geely, was considering halting sales of Chinese-built EVs bound for Europe if tariffs were introduced, the newspaper said, citing company insiders.
However,…
