Volvo Cars CEO: dual tech for China and the West is new trade reality

euronews (in English)

Volvo Cars CEO: dual tech for China and the West is new trade reality  Tech restrictions and tariffs show “we’re going into a more regional world” said the head of the Swedish automaker.  READ MORE : http://www.euronews.com/2025/06/17/volvo-cars-ceo-dual-tech-for-china-and-the-west-is-new-trade-reality  Subscribe to our channel. Euronews is available on Dailymotion in 12 languages

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00:00Volvo Cars is to develop different technologies for products offered to Chinese and Western

00:08customers, the company's CEO told Euronews on Monday.

00:15This as world trade becomes more fragmented and as Washington seeks to distance itself

00:20from Chinese tech due to concerns linked to potential US data leaks.

00:28In our future we see that we will have to divide that.

00:31We will have certain software stacks for Europe and for US and other software stack for China.

00:39And I think that's something that all of the car makers need to adapt to.

00:45So we don't see any risk in any way that we will be using Chinese technology in US that

00:52will not happen.

00:54Although the firm has signaled a desire to focus more on US and Chinese customers, Volvo

01:00Cars still relies heavily on the European market.

01:05When it comes to manufacturing these vehicles, some are made in Europe, while others are made

01:10in China and shipped over.

01:14This means that, on certain vehicles, Volvo is exposed to EU duties introduced last year

01:20in response to alleged unfair subsidies from Beijing.

01:23I think, basically, we should have an attitude of free trade and free competition.

01:33That's good for us all.

01:34Of course, now realistically, that will not happen.

01:37I think we're going into a more regional world and there will be some restrictions in technology.

01:46In this year's first quarter earnings report, Volvo Cars reported a drop in profits.

01:52New US tariffs of 25% on foreign cars and car parts are notably causing a headache for the

01:58firm, dampening customer appetite as well as raising import costs.

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