Volvo CEO Håkan Samuelsson said the company is open to building electric vehicles from its Chinese parent Geely at its South Carolina plant, provided Geely navigates strict US regulations. Geely’s affordable EVs, priced around $9,700 in China, remain blocked from the US due to tariffs exceeding 100% and restrictions on Chinese hardware and software.
Volvo Plant in South Carolina Could Host Geely Models
Samuelsson noted Western automakers face “huge competition pressure” from Chinese rivals offering advanced, low‑cost EVs. He added that collaboration may be necessary for Western firms to reduce costs. The comments follow Volvo’s Q1 earnings, which showed declining revenue amid slowing US EV sales.
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