Forex
globalreutersJune 10, 20241 Mins read
Volvo shifting production of Chinese-made electric vehicles to Europe, to avoid tariffs
globalreutersJune 10, 20241 Mins read UK Times (gated) with the report:
- Volvo cars has started to shift production of Chinese-made electric vehicles to Belgium in the expectation that the EU will drive ahead with a crackdown on Beijing-subsidised imports
- Volvo is majority-owned by China’s Geely
- moving production of Volvo’s EX30 and EX90 models from China to Belgium to avoid EU tariffs on China-made vehicles
This article was written by Eamonn Sheridan at www.forexlive.com.
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