Volvo CEO Says 'The Industry Will Be Electric – There's No Turning Back:' TDS

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Håkan Samuelsson, CEO of Volvo, says that not all Western manufacturers will be able to survive the transition to electric cars due to increasing competition from Chinese players. The transition to electric mobility has now become a point of no return for manufacturers. Despite resistance from some groups, the rapid growth of plug-in vehicle sales in the crucial Chinese market and the international expansion of brands like BYD are forcing establ…