economy
How Chinese carmaker Geely put roots in the U.S.
Chinese company Zhejiang Geely Holding Group has big investments in three automakers already doing business in the U.S.
TL;DR
- Over 100 Chinese automakers, tech firms, and suppliers already operate in the U.S., despite political efforts to block them.
- Zhejiang Geely Holding Group has significant investments in Volvo Cars, Polestar, and Lotus, providing access to U.S. dealer networks and potential manufacturing capacity.
- Volvo plans to increase its U.S. production and aims for 50-60% of its sales growth in the U.S. to be domestically produced.
- Zeekr, a Geely Group brand, is considered the most likely candidate for a direct U.S. market expansion.
- Some U.S. political figures, like former President Trump, have expressed openness to Chinese automakers establishing manufacturing plants in the U.S.