Electric Vehicles

Geely-Owned Volvo Seeks Parts Outside China – FT

 

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.

 

 

 

READ MORE:

Geely-Owned Volvo to Spend $1.1bn on EV Plant Conversion

 

How The Chinese Tycoon Driving Volvo Plans to Tackle Tesla

 

Volvo Cars to Take Full Control of its Chinese Business

 

 

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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