the EV is poised to see even more demand in 2025.
Volvo cars are made by their production plants located in not only China but also Sweden, Belgium, Malaysia, India, and the United States.
https://www.autocango.com/blog-detail/Volvo-cars-ownership-Geely-connection
Who Owns It Now?
The most recent information available suggests that Geely Holding Group still holds a substantial share in Volvo Cars. However, it would be incorrect to state categorically that 100% of Volvo is owned by Geely. Geely, the biggest shareholder, controls Volvo Cars though there are other stakeholders as well for the company operates as an autonomous firm under the Chinese conglomerate.
The Self-Governing Procedures of Volvo
Volvo Cars has managed to stay separate from Geely despite having its majority shares owned by this Chinese multinational corporation. Geely ownership revitalized the brand with many new models and record sales volumes. It lets Volvo conduct business on its own while still preserving its brand values centered around safety and innovation.
What Ownership Means for Volvo
This ownership structure has allowed Geely to support its resources behind Volvo’s global ambitions while enabling them to remain true Swedish brands at heart.
Seems convoluted. I’m not sure what "*Volvo Cars has managed to stay separate from Geely despite having its majority shares owned by this Chinese multinational corporation. " means.
The US raised the tariff on EV made in China to 100%. It would seem that Volvos made elsewhere are excluded from that tariff. But a subsequent 100% has been imposed on China made EV batteries and semiconductors. So I assume those Chinese components would rise the pricing of EVs made outside of China. And the battery pack is the most expensive component of an EV. And most batteries are made in China.
So 2025 Volvos are going up in pricing?