Volvo shifting EV production to Belgium – China Economic Review

Volvo Car has started to shift the production of its Chinese-made EX30 and EX90 electric vehicle (EV) models to Belgium as the European Union prepares to impose tariffs on Chinese EVs, reports the South China Morning Post. The carmaker may also move the assembly of some Volvo models bound for the UK, according to a report from the Times. Volvo, which is owned by Zhejiang Geely Holding Group, is seen as the most exposed among Western carmakers to potential tariffs, the Times said.

Trade frictions between the EU and China have led to a barrage of anti-dumping investigations against Beijing amid allegations of unfair subsidies. The EU is expected to tell EV makers in China as early as this week on whether it will impose provisional tariffs from July 4 that would boost import duties above the current level of 10%.

Volvo Car denied the Times’ report, saying “it’s premature to speculate on the implications of what this investigation will conclude, or any potential measures.”