Volvo builds new model in China

Volvo plans to have its next EV model produced in China for export to Europe, company CEO Jim Rowan told the Japanese newspaper Nikkei. Rowan said that Volvo can save significant costs by developing the car on a joint platform with its Chinese parent Geely. That includes having the car assembled in Chinese plants, he said. He said that exporting to the US would also not be a problem under current trade rules.