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Investment: How Volvo plans to avoid EV tariffs

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Published: June 10th, 2024,
Last updated: July 17th, 2024

The Times reports, citing company sources, that the Chinese-Swedish car manufacturer Volvo might be looking to relocate the production of some EV models from China to Belgium. The aim is to avoid the planned import tariffs. Specifically, the plan involves the production of the EX30 and EX90 models for the European market.

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Car Industry Trade EU Duties Belgium E-cars