First TikTok, now automakers. Does Volvo’s Chinese ownership threaten US national security?
- Posted on January 28, 2025
- By Business News Today
- 5 Views
First TikTok, now automakers. Does Volvo’s Chinese ownership threaten US national security?
Volvo Car AB faces potential restrictions in the US market due to new regulations aimed at blocking Chinese entities from selling connected vehicles. Majority-owned by Zhejiang Geely Holding Group Co., Volvo may need to adjust its ownership or technology to comply with US security concerns by 2027.
