Close Menu
Nabka News
  • Home
  • News
  • Business
  • China
  • India
  • Pakistan
  • Political
  • Tech
  • Trend
  • USA
  • Sports

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Williamson still wants to play for NZ, says coach – Sport

July 10, 2025

Seed technology drives cotton mechanization in China’s Xinjiang-Xinhua

July 10, 2025

US imposes sanctions on UN’s Francesca Albanese over Israel’s criticism

July 10, 2025
Facebook X (Twitter) Instagram
  • Home
  • About NabkaNews
  • Advertise with NabkaNews
  • DMCA Policy
  • Privacy Policy
  • Terms of Use
  • Contact us
Facebook X (Twitter) Instagram Pinterest Vimeo
Nabka News
  • Home
  • News
  • Business
  • China
  • India
  • Pakistan
  • Political
  • Tech
  • Trend
  • USA
  • Sports
Nabka News
Home » Volvo is moving EV production to Belgium to avoid Chinese tariffs, reports The Times
China

Volvo is moving EV production to Belgium to avoid Chinese tariffs, reports The Times

i2wtcBy i2wtcJune 9, 2024No Comments2 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp Copy Link
Follow Us
Google News Flipboard Threads
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link


(Reuters) – Volvo Cars has started shifting production of its Chinese-made electric cars to Belgium in anticipation of a European Union crackdown on subsidised imports from Beijing, the Times newspaper reported on Saturday.

Volvo, which is majority owned by China’s Geely Automobile, is considering stopping sales of Chinese-made electric cars to Europe if tariffs are imposed, the paper reported, citing company sources.

However, the report added that the move of production of Volvo’s EX30 and EX90 models from China to Belgium is expected to eliminate the need for the company to do so, with the automaker insisting that a halt to sales of Chinese-made EVs is no longer under consideration.

Production of some Volvo models for the UK could also be moved to Belgium, according to The Times.

Volvo did not immediately respond to a Reuters request for comment outside regular business hours.

The European Commission, which oversees trade policy for the 27-nation EU, launched an investigation last year into whether fully electric cars made in China received perverse subsidies, justifying additional tariffs.

The anti-subsidy investigation, which formally began on October 4, could last up to 13 months. The Commission can impose provisional anti-subsidy duties nine months after the investigation begins.

Relations between China and the EU have been strained by factors including Beijing’s growing ties with Moscow after Russia’s invasion of Ukraine, as the EU seeks to reduce its dependence on the world’s second-largest economy, particularly for materials and products needed for a green transition.

(Reporting by Janavi Nidumolu in Bengaluru; Editing by Kim Coghill)



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp Copy Link
i2wtc
  • Website

Related Posts

China

Seed technology drives cotton mechanization in China’s Xinjiang-Xinhua

July 10, 2025
China

China’s auto market posts strong growth in H1-Xinhua

July 10, 2025
China

In Confucius’ birthplace, global experts seek common ground for shared development-Xinhua

July 10, 2025
China

Shenzhou-19 astronauts meet press after return from space-Xinhua

July 9, 2025
China

The power games of billionaires — uncovering the political dilemma behind “America Party”-Xinhua

July 9, 2025
China

Fingerprint of innovation — a quest of China’s e-skin startup to success-Xinhua

July 9, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Williamson still wants to play for NZ, says coach – Sport

July 10, 2025

House Republicans unveil aid bill for Israel, Ukraine ahead of weekend House vote

April 17, 2024

Prime Minister Johnson presses forward with Ukraine aid bill despite pressure from hardliners

April 17, 2024

Justin Verlander makes season debut against Nationals

April 17, 2024
Don't Miss

Trump says China’s Xi ‘hard to make a deal with’ amid trade dispute | Donald Trump News

By i2wtcJune 4, 20250

Growing strains in US-China relations over implementation of agreement to roll back tariffs and trade…

Donald Trump’s 50% steel and aluminium tariffs take effect | Business and Economy News

June 4, 2025

The Take: Why is Trump cracking down on Chinese students? | Education News

June 4, 2025

Chinese couple charged with smuggling toxic fungus into US | Science and Technology News

June 4, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to NabkaNews, your go-to source for the latest updates and insights on technology, business, and news from around the world, with a focus on the USA, Pakistan, and India.

At NabkaNews, we understand the importance of staying informed in today’s fast-paced world. Our mission is to provide you with accurate, relevant, and engaging content that keeps you up-to-date with the latest developments in technology, business trends, and news events.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Williamson still wants to play for NZ, says coach – Sport

July 10, 2025

Seed technology drives cotton mechanization in China’s Xinjiang-Xinhua

July 10, 2025

US imposes sanctions on UN’s Francesca Albanese over Israel’s criticism

July 10, 2025
Most Popular

Forum held to promote cooperation between China, Central Asia news agencies-Xinhua

June 23, 2025

World’s first pure ammonia-fueled demonstration vessel completes maiden voyage in China-Xinhua

June 28, 2025

From mountain villages to world stage, young Chinese revive ethnic culture-Xinhua

July 4, 2025
© 2025 nabkanews. Designed by nabkanews.
  • Home
  • About NabkaNews
  • Advertise with NabkaNews
  • DMCA Policy
  • Privacy Policy
  • Terms of Use
  • Contact us

Type above and press Enter to search. Press Esc to cancel.