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    Home»Trending News»Commentary: Does Volvo’s Chinese ownership threaten US national security?
    Trending News

    Commentary: Does Volvo’s Chinese ownership threaten US national security?

    Team_Prime US NewsBy Team_Prime US NewsFebruary 1, 2025No Comments2 Mins Read
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    CONSUMERS LEFT WITH FEWER CHOICES AND HIGHER PRICES

    A serial acquirer of worldwide automobile manufacturers and the one Chinese language agency with vital US gross sales, Geely is uniquely affected by Washington’s crackdown: Volvo’s money-losing EV offshoot Polestar, which is majority owned by Li and Geely associates, faces a lot the identical points and warned in an October authorities submitting that the principles would “successfully prohibit” it from promoting vehicles within the US, together with ones manufactured at Volvo’s South Carolina facility.

    Lotus Know-how, which can be majority owned by Li and Geely associates, has additionally warned of a possible gross sales affect. 

    However there are wider repercussions. Automakers have lengthy tapped native suppliers and tailored vehicles for native tastes, notably in China. But as provide chains bifurcate to expunge Chinese language tech from US autos, the trade faces elevated complexity and duplicated spending, compounding the monetary and operational complications from tariffs and the differing speeds wherein international locations are adopting electrical autos.   

    Automakers “could more and more ringfence their ‘in China for China’ or ‘within the US for the US’ operations,” notice researchers at Rhodium Group. Customers could also be left with fewer decisions and fewer innovation, or pay greater than they in any other case would, or the entire above. (The US has already imposed a 100 per cent tariff on Chinese language EVs.)

    Volvo collaborates with different Geely-owned entities in areas equivalent to analysis and improvement, procurement and manufacturing; its fast-selling EX30 electrical compact SUV shares technical underpinnings with different Geely fashions, for instance.



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