Geely-owned Volvo to Expand EV Production in Belgium

Monday, 10 June 2024, 07:37

Volvo, under Geely's ownership, is set to move its electric vehicle production line from China to Belgium as part of its expansion strategy. The Times reported that the carmaker will initiate manufacturing of the EX30 and EX90 models in Belgium and possibly relocate the production of other models destined for the UK. This move signifies Volvo's commitment to growth and adapting to evolving market demands.

https://store.livarava.com/8722560b-26fc-11ef-a412-9d5fa15a64d8.jpg — Geely-owned Volvo to Expand EV Production in Belgium

Volvo's Strategic Expansion:

The decision to shift EV production from China to Belgium is a significant strategic move for Volvo under Geely's ownership.

Production Model Shift:

The production line in Belgium will commence with manufacturing the EX30 and EX90 models.
Possibility of relocating production of other models aimed for the UK.

This shift demonstrates Volvo's dedication to capitalize on market opportunities and streamline production processes.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Volvo's Strategic Expansion:

Production Model Shift:

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