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Volvo shifting EV production to Belgium to evade China tariffs, The Times reports

  • Volvo is moving production of Chinese-made electric vehicles to Belgium to avoid potential EU tariffs on China-made EVs, according to The Times.
  • Shifting production of certain Volvo models from China to Belgium is expected to eliminate the need for further actions, and suspending sales of Chinese EVs is no longer being considered by the company.
  • Manufacturing of some Volvo models destined for the UK may also be relocated to Belgium.
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23 Articles

FortuneFortune
+2 Reposted by 2 other sources
Center

Volvo is moving EV production from China to Belgium as the EU eyes tariffs on Beijing

On top of transferring production of Volvo’s EX30 and EX90 models to Belgium, the carmaker may also move assembly of some Volvo models bound for the UK.

·New York, United States
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VOA NewsVOA News
+2 Reposted by 2 other sources
Center

Volvo shifts EV production to Belgium to avoid China tariffs

Carmaker makes move in the expectation that the European Union will forge ahead with a crackdown on Beijing-subsidized imports, according to a report

·United States
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Lean Left

Because of a possible tariff war between the EU and China.

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  • 57% of the sources are Center
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xm.com broke the news in on Friday, September 18, 2020.
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