But it is a Swedish company. Chinese startups and companies aren't selling where Volvo is selling, like North America for instance and Volvo has been in North America since the 1950s.
@@ciybersal9833 That is not true. Where do you guys get your information? Most Volvos are made in Belgium and Sweden. The Swedish plant is undergoing a huge transformation to be modernized for EVs. The next big Volvo plant will be in Slovakia. The batteries will be made by Northvolt, a Swedish company. Polestars are made in China but the Polestar 3 will be made in the USA and future Polestars will be made in Europe. But Polestars and Volvos are designed and engineered in Sweden. The Polestar 4 is based on a Zeekr because they wanted to get it out fast. The others are based on Swedish-engineered and designed Volvo models. Lynk and Co is not Volvo. They're a CEVT company that has more Geely involvement in it. Zeeker is also a CEVT company. Volvo has some involvement in CEVT, but Volvo and Polestar are in the Volvo/Polestar division and they operate out of Gothenburg. Lotus is its own operation as well even though future Lotus cars may be constructed in China. The bulk of Lotus engineering, though, is done in England as well as some of Polestar's engineering. The best thing about Geely is it doesn't take over their acquisitions 'culture and operations and keeps a certain level of autonomy and heritage in those brands,.
@@benjaminsmith2287 ALL Lynk and Co, Lotus, Polestars, MG, Zeekrs are Made in China. New cars such as Volvo EX30 just released to great acclaim will NOT be made in Europe AT ALL. Mini production is moving to China and ALL of Smart Car production has moved to China shutting off in Germany. There are only a handful of people employed by these Chinese companies in Europe to do design and engineering. The bulk of carmaking has moved and IS moving to China as we speak. FACTS.
THat's not totally true. Only one Volvo, the new EX30, sits on a Geely platform. And that platform was partially developed in Sweden. Current Volvo's sit on the SPA platform, a Volvo developed platform. The next generation big Volvo, the EX90 sits on the SPA2 platform, a Volvo developed platform. Also, Volvo gets its technology from various sources, only some are Chinese. It's mostly Google based, uses Nvidia and they have their own software company called Zenseact.
@@tonyl7337 O man mind your language first what do you mean by poor China? Go and say the same in China Infront of Their Government if you have guts to do the same ok?You will be killed on the spot ok? So mind your language first.And Did you have capacity at the Level like China? China is the country who have a capacity which is different from rest of the world not only Yesterday,Today,or Tomorrow but in the whole entire Human history. China have World record in many Industries of the world or streams.
Volvo is a Chinese owned company. but it isn't directly a Chinese company. It's a Swedish company. Those that think it is Chinese based or for the Chinese market are mistaken. They're very much a European Western company in China.
@@benjaminsmith2287 Not really. It's Chinese in essence and everything else. Made in China. Counts as Chinese export and Swedish import. Chinese are not warmongers like swedes
@@ciybersal9833 No, it isn't Chinese in essence whatsoever. It is a Swedish product like it has always been and much more so than when American car company Ford owned Volvo .All Geely has done is finance and grow the Swedish operation. In fact, of most of the companies owned by a parent company, Volvo is one of the more autonomous and independent ones. Since Rowen has taken over as CEO, Volvo has been looking to save money by using more of the Geely resources. But the Swedeish headquarters dictates the product direction, not the parent company at Geely. All the sustainability direction, move to EV power, that's coming out of Gothenburg. In fact, Volvo took over most of the Chinese factories to make them greener and up to Volvo's pollution and operating standards.
Did CNBC do their research before taking this person on? Also he tried to be subtle of his brand in case of raising national security concerns in some countries. Imagine if he says Chinese car would takeover the world, how does it sound to the West mass.
I would say that he is obviously wrong.. Look at the weekly insurance numbers in China.. Which is like 60% of all the EV'S sold globally.. Now add up all of the Chinese brands, & add all of the rest including Tesla.. The numbers are crazy.. China is already completely dominant in EV's.. What does this guy think we are stupid?? & Chinese brands are exporting to Europe, South America, & parts of the Middle East.. Most likely Africa as well.. Now the US?? & Geopolitics going on there.. Maybe he is right, for now..
![Blox Fruits Dragon Rework Update [Full Stream]](http://i.ytimg.com/vi/EqDAp8udhm0/mqdefault.jpg)
What a reassuring info from a CEO for a Chinese owned company
But it is a Swedish company. Chinese startups and companies aren't selling where Volvo is selling, like North America for instance and Volvo has been in North America since the 1950s.
@@benjaminsmith2287
It's not. Many cars are now China made only such as all polestars, all Lynk n co, many Volvos such as just released EX30
@@ciybersal9833 That is not true. Where do you guys get your information? Most Volvos are made in Belgium and Sweden. The Swedish plant is undergoing a huge transformation to be modernized for EVs. The next big Volvo plant will be in Slovakia. The batteries will be made by Northvolt, a Swedish company. Polestars are made in China but the Polestar 3 will be made in the USA and future Polestars will be made in Europe. But Polestars and Volvos are designed and engineered in Sweden. The Polestar 4 is based on a Zeekr because they wanted to get it out fast. The others are based on Swedish-engineered and designed Volvo models.
Lynk and Co is not Volvo. They're a CEVT company that has more Geely involvement in it. Zeeker is also a CEVT company. Volvo has some involvement in CEVT, but Volvo and Polestar are in the Volvo/Polestar division and they operate out of Gothenburg. Lotus is its own operation as well even though future Lotus cars may be constructed in China. The bulk of Lotus engineering, though, is done in England as well as some of Polestar's engineering. The best thing about Geely is it doesn't take over their acquisitions 'culture and operations and keeps a certain level of autonomy and heritage in those brands,.
@@benjaminsmith2287
ALL Lynk and Co, Lotus, Polestars, MG, Zeekrs are Made in China. New cars such as Volvo EX30 just released to great acclaim will NOT be made in Europe AT ALL. Mini production is moving to China and ALL of Smart Car production has moved to China shutting off in Germany. There are only a handful of people employed by these Chinese companies in Europe to do design and engineering. The bulk of carmaking has moved and IS moving to China as we speak. FACTS.
@@benjaminsmith2287just Google about Tesla production in Shanghai and rest of it facility
Fact: Volvo is owned by a Chinese company. And Volvo EV technology and platform is developed in China (by its parent company).
Maybe Volvo will be the next Lenovo, so USA didn't ban "Chinese brand"
THat's not totally true. Only one Volvo, the new EX30, sits on a Geely platform. And that platform was partially developed in Sweden. Current Volvo's sit on the SPA platform, a Volvo developed platform. The next generation big Volvo, the EX90 sits on the SPA2 platform, a Volvo developed platform. Also, Volvo gets its technology from various sources, only some are Chinese. It's mostly Google based, uses Nvidia and they have their own software company called Zenseact.
The ownership of Volvo is Geely, a Chinese company. Moreover, Chinese battery giant "CATL" supplies batteries to VW, BMW and Mercedes.
@@tonyl7337 my point is China had already dominated the EV market.
@@tonyl7337
60% of global sales of EVs are in China and 70% of EVs are exported from China. China already dominates the industry
@@tonyl7337 Apart from that China is a biggest battery supplier of These companies.
@@tonyl7337 O man mind your language first what do you mean by poor China? Go and say the same in China Infront of Their Government if you have guts to do the same ok?You will be killed on the spot ok? So mind your language first.And Did you have capacity at the Level like China? China is the country who have a capacity which is different from rest of the world not only Yesterday,Today,or Tomorrow but in the whole entire Human history.
China have World record in many Industries of the world or streams.
LOL Volvo itself is Chinese company
Volvo is a Chinese owned company. but it isn't directly a Chinese company. It's a Swedish company. Those that think it is Chinese based or for the Chinese market are mistaken. They're very much a European Western company in China.
@@benjaminsmith2287
Not really. It's Chinese in essence and everything else. Made in China. Counts as Chinese export and Swedish import. Chinese are not warmongers like swedes
@@ciybersal9833 No, it isn't Chinese in essence whatsoever. It is a Swedish product like it has always been and much more so than when American car company Ford owned Volvo .All Geely has done is finance and grow the Swedish operation. In fact, of most of the companies owned by a parent company, Volvo is one of the more autonomous and independent ones.
Since Rowen has taken over as CEO, Volvo has been looking to save money by using more of the Geely resources. But the Swedeish headquarters dictates the product direction, not the parent company at Geely. All the sustainability direction, move to EV power, that's coming out of Gothenburg. In fact, Volvo took over most of the Chinese factories to make them greener and up to Volvo's pollution and operating standards.
Journalistic disinformation at its best😂 : Volvo is chinese owned, by Geely...
NIO sells in Europe more than BMW and Audi Combined! 🏎🚕
@Tony L Tesla was losing money for 16 years
@@tonyl7337 are you stupid…every startup lose money every year…name one startup 8 year old ev startup that is making money..
Volvo is owned by a Chinese company lol
Did CNBC do their research before taking this person on? Also he tried to be subtle of his brand in case of raising national security concerns in some countries. Imagine if he says Chinese car would takeover the world, how does it sound to the West mass.
Volvo is a chinese owned company.
That's a weak position when CEO starts making excuses for which we have asked no answers from. Weak.
That's a bold statement
Did somebody steal his luggage or is this his formal business attire?
I would say that he is obviously wrong.. Look at the weekly insurance numbers in China.. Which is like 60% of all the EV'S sold globally.. Now add up all of the Chinese brands, & add all of the rest including Tesla.. The numbers are crazy.. China is already completely dominant in EV's.. What does this guy think we are stupid?? & Chinese brands are exporting to Europe, South America, & parts of the Middle East.. Most likely Africa as well.. Now the US?? & Geopolitics going on there.. Maybe he is right, for now..
Why did cnbc record & release this garbage clip
Volvo battery made in china parts haha
chinese "weather balloon" on wheels, not for me!