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Volvo is moving EV production from China to Belgium as the EU eyes tariffs on Beijing (fortune.com)

submitted 5 months ago by CAVOK@lemmy.world to c/europe@feddit.de

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[–] 0x815@feddit.de 43 points 5 months ago (2 children)

Good. But European firms must also stop putting European intellectual property and national security at risk by outsourcing the making of sensitive technology to China or other countries, and Chinese and other foreign companies shouldn't be allowed to take over European companies (the latter being a corresponding rule in China for foreign companies btw).

[–] AI_toothbrush@lemmy.zip 23 points 5 months ago* (last edited 5 months ago)

I moved to sweden and this is one of the things i hate. Think of any big swedish company. Its probably not swedish anymore. Skype-sold, volvo(cars)-sold, ikea-registered in another country so they dont pay taxes, etc

Edit: then theres H&M and all the fucked up shit they do...

[–] woelkchen@lemmy.world 12 points 5 months ago (1 children)

Volvo already is a Chinese brand because it's owned by Geely. It's not an independent Swedish car maker that just happened to outsource production to China.

[–] NIB@lemmy.world 2 points 5 months ago* (last edited 5 months ago) (1 children)

It is chinese owned but Volvo is still a thing in Sweden. Geely bought them(Volvo Cars), gave them infinite money, so that Volvo could design and make cars like the 2nd gen xc90. In return Geely acquired the technology and know how on how to make quality cars.

Nowadays, Volvo can combine their world leading car design with Geely's electric vehicle platforms. Thats how you get a car like upcoming volvo ex30, that is cheap and (probably) good.

When Volvo was owned by Ford, it was about to go the way of the Dodo(aka Saab). Geely saved it and made it a competitive car brand.

[–] AngryCommieKender@lemmy.world 2 points 5 months ago (1 children)

GM killed off SAAB for no good reason. We could have had Koenigsegg as the owner of SAAB.....

[–] wieson@feddit.de 2 points 5 months ago

GM almost killed Opel, until Peugeot saved them.

I don't know how GM operates but it doesn't look healthy.