Volvo Cars has begun transferring its electric vehicle (EV) production from China to Belgium in anticipation of the European Union’s prospective taxes on Beijing-subsidised imports. This strategic move, reported by The Times on Saturday, comes as the EU tightens its examination of subsidies received by Chinese-manufactured electric vehicles.
Majority-owned by Geely, Volvo prepares for EU crackdown
Volvo, which is majority-owned by China’s Geely, has considered stopping sales of Chinese-built EVs to Europe if tariffs were imposed by the EU. According to company insiders, moving production of the EX30 and EX90 models to Belgium will…
