Commentary: Does Volvo’s Chinese ownership threaten US national security?

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Commentary: Does Volvo’s Chinese ownership threaten US national security? - Channel News Asia

Quick Summary:

A bifurcated market is bad news for the auto industry and consumers, and it’s particularly troublesome for Geely, says Bloomberg Opinion’s Chris Bryant.

Yet as supply chains bifurcate to expunge Chinese tech from US vehicles, the industry faces increased complexity and duplicated spending, compounding the financial and operational headaches from tariffs and the differing speeds in which countries are adopting electric vehicles.

While most people think of Volvo as Swedish – it’s headquartered in Gothenburg and listed on the Nasdaq Stockholm exchange – Geely acquired Volvo from Ford Motor for US$1.8 billion in 2010.