Automakers in the United States and their supporters welcomed President Biden’s tariffs, saying they would protect domestic manufacturing and jobs from cheap Chinese vehicles.
The boutique British carmaker, known for lightweight sports cars more than supermarket runs, is planning to expand production substantially as it goes fully electric.
The new company, which is aiming to go public this year, has performance E.V.s planned, with Volvo’s safety in its DNA.
By selling battery-powered S.U.V.s and luxury sedans in places like Germany and Norway, China is striving to become a force in the global auto industry.
With an aggressive push for electric vehicles and a coming I.P.O., the century-old Swedish carmaker is positioning itself for the future.
Fueled with money from Wall Street and local officials, automakers plan to build eight million electric cars a year there, more than Europe and North America combined.