Volvo shifts EV production to Belgium

VOLVO has started to shift production of Chinese-made electric vehicles to Belgium in the expectation that the European Union will drive ahead with a crackdown on Beijing-subsidized imports, the Times reported on Saturday.Volvo, which is majority-owned by China's Geely, was considering halting sales of Chinese-built EVs bound for Europe if tariffs were introduced, the newspaper said, citing company insiders.

The manufacturing of certain Volvo models bound for the United Kingdom could also be moved to Belgium, Times said.Volvo did not immediately respond to a Reuters request for comment outside of regular business hours.The European Commission, which oversees trade policy in the 27-nation European Union, launched an investigation last year into whether fully electric cars manufactured in China were receiving distortive subsidies and warranted extra tariffs.

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