Geely Increases U.S. Investment with 100% Tariff on EVs

Chinese company Geely Holding Group has invested in three U.S. automakers: Volvo Cars, Polestar, and Lotus. Despite the U.S. implementing a 100% tariff on EVs from China, Geely has a dealer network to support its operations, with Volvo's South Carolina factory capable of producing about 150,000 vehicles annually. In 2025, Volvo produced approximately 18,500 vehicles and plans to expand U.S. made units significantly, aiming for 50%-60% of its sales growth to come from U.S. manufacturing. U.S. sales are expected to rise to about 200,000 units, up from around 122,000 in 2025.

Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.