Volvo Will Build Polestar 7 In Slovakia To Dodge China Tariffs

Volvo already has electric car factories in Europe(and in the US), ie in Belgium. It is only Polestars(and some early electric Volvos) which are made in China.

So far the chinese owners are pretty hands off. They have provided unprecedented capital and electric car platform technology to Volvo. In exchange they got access to all Volvo knowhow about car interior design and safety(and profit from car sales).

No I count who owns and profits from the company, not where it originally started before being sold.

It sucks that buying successful businesses and ruining them is par for the course for capitalism but here we are.

Edit: to be fair I have no issue with Chinese EVs or Volvo, but I wouldnt count it as a European car maker anymore.

In a case like this I think it is fair to look at how much of the money ends up outside of Europe (roughly). So a Volvo designed in Sweden and built in Slovakia is leaving more money in the EU than a BYD designed and built in China. But not as much as a Volkswagen or Fiat. Though with complex products it can be hard to know what comes from where and with big companies it can be hard to know where profits are spend (perhaps Volkswagen uses their profit to expand their production in China for example).

But I think aside from money earned it is also fair to look at what kind of things might result from that income. For example a product with a chip imported from China might be equal European as a product with a chip imported from Taiwan but since Taiwan is not committing genocide I much rather have them receive that money.