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Volvo Cars denies Washington's accusations of Chinese car companies engaging in hacking
The head of Volvo Cars, Håkan Samuelsson, affirmed that the success of Chinese companies like BYD and Geely is due to effective strategies that include vertical integration in battery production and advanced software, rather than unfair competitive practices. Samuelsson rejected comments from White House Chief Economic Adviser Peter Navarro, who accused Chinese companies of plundering global markets, clarifying that some are considered new industry leaders after achieving strong long-term performance. He called for respect for the accomplishments of companies that have achieved tangible success, especially in the electric vehicle sector, emphasizing the importance of adapting to the global competitive environment. This comes amid ongoing efforts by Chinese companies to expand their presence in European markets despite import tariffs. Volvo received American approval to continue selling its internet-connected vehicles, facilitating the continuation of its operations.
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