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Market Chatter: Volvo Holds on to Plan to Build Electric Vehicle in US

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-- Zhejiang Geely Holding Group-owned Volvo Cars continues to plan building a new electric vehicle in U.S. in late 2026, Nikkei Asia reported, citing an interview with CEO Hakan Samuelsson.

According to the report, Volvo does not plan to walk back on the plan even after the Trump administration ended tax breaks for electric vehicle purchases.

Volvo is an affiliate of Geely Automobile (HKG:0175).

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Market Chatter: Volvo Holds on to Plan to Build Electric Vehicle in US | FINWIRES