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Geely-Owned Volvo Seeks Parts Outside China – FT

Lining up two providers of automotive parts allows carmakers to reduce their exposure to shocks but adds to costs, chief executive Jim Rowan said


Geely volvo
Volvo's electric C40 Recharge. The Swedish company said overall demand for its models remained strong, while the share of fully electric vehicles rose to 10% from 9% in March. File photo: Reuters.

 

Fear of more pandemic lockdowns has prompted Volvo Cars to undertake sourcing alternatives for its Chinese-made parts, the Financial Times reported.

Lining up two providers of automotive parts allows carmakers to reduce their exposure to shocks but adds to costs, chief executive Jim Rowan said. Volvo is owned by China’s Zhejiang Geely Holding.

 

Read the full report: Financial Times.

 

 

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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