Volvo Shifts Electric Vehicle Production to Belgium to Counter Tariffs

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Risk Category – Economic/ Technological RiskIntroductionVolvo Cars, owned by China’s Geely, is shifting its production of electric vehicles (EVs) from China to Belgium in anticipation of potential tariffs imposed by the European Union (EU) on Chinese-made electric cars. This move comes amid growing trade tensions between the EU and China, with the EU seeking to…

 

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