Fri. Jun 14th, 2024
Volvo affirms commitment to production in China; denies plans to move operations to Ghent

Reports suggesting that Volvo plans to move production from China to Ghent in response to increased European import tariffs on Chinese cars are not accurate. The European Commission is considering imposing higher tariffs on imported electric cars from China due to illegal subsidies in that country. This potential tariff increase has led speculation that Volvo may shift production to its factory in Ghent.

Volvo currently manufactures cars in Sweden, Ghent, the United States, and China, and is owned by Chinese carmaker Geely. Any rise in European tariffs on Chinese imports would have a significant impact on Volvo. While there were rumors that production of the EX30 and EX90 models would be moved to Ghent, Volvo denies this claim.

In reality, the EX90 is produced in the United States, not in China. Volvo had previously announced plans to produce the EX30, a small electric SUV, in Ghent starting in 2025. This decision was not influenced by the European Commission’s investigation into Chinese trade practices. Moving production to Ghent aligns with Volvo’s strategy of manufacturing cars closer to their target markets.

By Aiden Nguyen

As a content writer at newscholarly.com, I delve into the realms of storytelling with the power of words. With a knack for research and a passion for crafting compelling narratives, I strive to bring forth engaging and informative articles for our readers. From decoding complex concepts to unraveling current events, I aim to captivate and educate through the art of writing. Join me on this journey as we explore the ever-evolving landscape of news and knowledge together.

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