Plus, how Volvo pulled off the China-made EX30, and Ford faces a tough earnings call of its own.
A year ago, China held its first major international auto show since it lifted its COVID lockdown restrictions, and the world was stunned to learn just how far ahead the country is now on electric and connected vehicles. Now it's 2024 and the country's big auto show returns to Beijing, and not only is the Chinese car market more intense than ever, and the so-called 'foreign' automakers aren't taking things lying down, either.
The competitive price reflects an unusual combination of Geely's China-specific cost advantages and Volvo's ability to skirt U.S. tariffs on Chinese cars because it also has U.S. manufacturing operations, according to interviews with four sources familiar with Volvo and Geely's strategy and several U.S. trade policy experts. The EX30 will be among only a handful of China-made cars sold in the United States, none of them from Chinese brands. Vehicles from China currently face a 27.
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