Volvo's electric C40 Recharge. 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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