Geely and Volvo avoid tariffs, start selling cheap Chinese EV's in the US, and snag the $7500 credit 

Volvo was sinking into oblivion until Geely rescued it and now it is the crown jewel of Swedish motor industry.

Smart people who are outsmarting the officials who crafted laws!

This thing will sell like CRAZY. Come on over Geely!

Thanks Kevin. Another gem. Should make things interesting.

Raimondo must be pulling her hair out when she hears of the Geely/Volvo case. Geely/Volvo better have top notch lawyers on standby as they can expect the Dept of Commerce to clamp down on this.

This was done back in 2010 and now 14 years later Geely is reaping the harvest. Who would have thought. US plays checkers while China plays GO.

Very interesting take on how Chinese TVs sell In US. Now I can lease/buy a low price good quality car made in China.

GREAT INFO Kevin!!! Awesome! Volvo is looking more promising with each passing day...

I think Geeley own Lotus too so Lotsu should be sold tariff free in US too!!

We need NIO in the US !!!!!!!

You people should keep quiet. Most Westerners don't know Volvo, Polestar, MG, and Lotus are Chinese owned. 😂

Interesting timing. Blinken visiting China right now is getting his posterior handed back to him

Volvo has another brand, Polestar, purely EV subsidiary. Geely also has Lotus and MG brands. Thus Geely has more opportunity than other Chinese EV brands overseas. Look like Geely has great foresight.

Interesting development to say the least!

All the food on your table is my favorite.

The great adage, "Payback's a b*tch!" comes to mind. Remember the two Opium Wars?

Great to hear that the US gets outsmarted 👏

Geely also owns British carmaker Lotus. SAIC another Chinese carmaker owns Britain's MG. Stellantis one of Detroit's Big 3 owns a 20% stake in Leapmotor, another Chinese EV maker. So this is how Chinese carmakers enter the US market LoL

What happened to "Free Trade"?

Americans are good at loophole applications.

Where’s the free trade free market free competition as preached by the US itself (shame on the US)?

Regulatory wack a molle 🤣. Keep up the great work, love your videos.

Kevin, well done! I believe you are the first report on this afaik.

More EV adoption in the US soon. Everyone likes a good deal no matter who makes it.

Great. I'm buying it first chance I get.

Volvo is popular due to its safety record in Texas due to high car accident rates. Insurance is expensive. We have so many Volvo cars on the road.

Behind every sanction lies a business opportunity.

That was long expected, when I first saw the Geely’s copy of some European SUV in a Middle Eastern Oil rich country I predicted that way back then.

Japan and USA just CANNOT handle China.. LOL 🤣😂🤣🤣

Now I know why Toyota can drop the price on the new EV car selling in US leasing only $129 thanks👍

That's a good opportunity and clever ❤😂🎉😅😊

I remember when Volvo was first sold to Geely,every news media was laughing at how Geely overpaid and will just lose money on Volvo. How times have change.

The way geeley finagled and evaded the tariffs is quite intriguing. It's a boon to american consumers, but a bane to american car manufacturers, namely Tesla.

"you said it all man..."👈

Really hope Tesla got the heat. It will be good for competition & the user.

Good news for American comsumers then. So whars tge problem

When Volvo was a subsidiary of Ford, it was bleeding to death. Both Ford and Volvo. And then came the White Knight Geely. It rescued and restored Volvo back to health . Now the West sings a different tune....

I love the ending video of an array of great Chinese food!

Thank you for your sharing, especially the last 10 secs part. 😉

If Geely/Volvo can avoid getting shut down by the US regulators Government ... Then I expect Greely to field offers from Chinese EV companies to buy them out. To get that access

With acquisition of Volvo Geely simply tapped into most sophisticated engineering and design knowledge base of Swedish engineering powerhouse. And also worlds safest brand as well. Volvo is synonymous with quality.

USA promotes free trade. USA shall not have 27.5 % tariffs on China BEV. When Americans get used to BEV that Good just has tariffs on China BEV. # For the sake of reduce global warming.

Wow, how bizarre, but great news unless Congress screws Volvo. I assume Volvo will be quiet about this. We have had Saab’s and Volvo’s in the past and almost bought their gas version a few years ago, but its pricing was not competitive and switched to Toyota. This would likely be a leader in the U.S. and more family practical than a Tesla whose lack of diversity of models is now a drawback. Polestar would also likely qualify since they used to be marketed by Volvo in the past. Other brands they own and U.S. consumers should be familiar with include the tiny SMART city cars, LOTUS, and some are familiar with Proton. LOTUS-USA would seem to qualify. They state they will offer NEV's in 2024 made by Geely in Wuhan. They also own Zeeker which would be cool to bring in. Some of the MG's (popular in China) might qualify because of their collaboration with GM, though this is currently limited to manufacturing gas motors. MG is owned by SAIC Motor Corporation Limited which is State-Owned and they have a design shop in the UK. How ironic. GM would need to partner with their NEV side where GM in the U.S. has failed. Lots of possibilities if GM leadership is forward-thinking. Ford’s in China are made by Changan offering possibilities if they could get their NEV act together. Now if only BYD could figure something out or Mexico grows some “balls”. BYD has been building electric buses in California for a number of years.

Tesla's Elon Musk says that his Shanghai plant is the most productive in the world. He has built a second Chinese plant to increase his exports. That tells you something about competition by US companies. US companies, subsidized by the US government, will not be able to export to the world because of cost....why do you think all have subsidiaries in Mexico producing cars and trucks. The US government subsidies help US consumers to buy 'Made In USA' cars that are not competitive worldwide. Another note: Geely is buying a stake in Renault South Korea. If so, Geely cars made in South Korea won't suffer the onerous tariffs that direct exports from China would. Mexico was supposed to gain from US laws by allowing Chinese companies to build factories in Mexico. Now that plan is dead because of US pressure. It seems the NAFTA agreement only applies to American companies.

Love it

yes!!! we get geely/volvo EVs here in the US!

Double standards is the GOLD STANDARDS in the US

Happy for Geely! We need the competition in this country.

It's good to know the Chinese EV car entering the US market, however the price/quality ratio is still not that great. Polestar is a nice EV but way too expensive comparing to those purely in Chinese brands, namely BYD, Li, NIO ... I have a VW ID.4, paid $53000 before $7500 rebate. It is a just ok car, however the price tag is mounting high. Should the Chinese EVs be present in the US market, I would have no hesitation to pick one instead of the ID.4 for good.

I'd love to be a fly on the wall when Biden gets the news lol

I can imagine a lot of non-Chinese company’s will be looking at this closely. GM and Tesla spring to mind.

Watch them close those "holes" ASAP

Great video. Thanks.

Genius

A smart inside man covering the inner workings of Chinese business, rare Intel thank you sir!

Ok I am going to my local Volvo dealership soon to check out the EV lease deal 🙂

If there is a will there is a way. If there is a crack, water can get in. If there is a market, sell sell sell!

5:08 Have a nice meal.😋😋😋

Loopholes are bout as natural and national to lawyers as to tax payers.

American elite: 100. American consumers: 1. And the elite and politicians still bitch about it.

The final scene of food on the table is what I want lol.

All Huawei and BYD needs to do is to set up their factories in Mexico, then, set up their own leasing wholesalers, produce the cars, and sell them to the leasing wholesalers The leasing wholesalers will then lease those cars to the Americans That's all to it

It’s sound awesome 😊👍

Kevin with another great video

Washington will force Geely to divest Volvo.

the empire's homeland is a hotbed of shysters and short order cooks.

Thank you.

I'm sure Uncle Sam national security spell is being concocted by Raimondo giglely at the very moment for Geely .

i hv a geely for 3 yrs. Great car.

Tesla can do the same setup manufacturing in both US and China for battery and other parts. The thing nice about this is you can lease and try the car. The worse thing is you don't extend your lease.

I own the Volvo xc 40 electric in melbourne and love it!

5 minute video ? awesome !!

The shows are too short!!! 😅😅😅

Yes, i'm sure the normal americans are getting worried that car prices are getting cheap.

Wow, thanks for informing.

I think Marco Rubio will move the goal post to take away the 7k credit, and put new tax on Chinese cars.😅😅😅😅😂

When they buy the car at the end of the lease, they will end up forfeiting the $7500 and IRS will be directed to go after the buyers. No doubt the government will eventually find ways to plug the loopholes. This is gonna get caustic

Chinese EVs is revolutionising global car industry. Well done China 👍❤️🇨🇳

I'm not sure that's how it works. The Chinese made EX30 will definitely get the new 100% tariff. In fact Volvo is thinking if making the EX30 either in Ghent or in South Carolina to avoid the tariff for US bound EX30s. The Volvo EX90 was always designed to be manufactured in South Carolina for US. Now Volvo will need to add the EX30 in their assembly line. BTW, I'm currently leasing the Belgium manufactured C40, which I will need to turn in early 2025. I am closely watching the EX30 saga to see if it's worth it.

If Geely wants to sell their car for $35k, i doubt they have any price advantage because many gas cars in America are selling for less and even Hyundai are selling their car close to $36k.

Volvo built manufacturing plants in China so that Geely could maintain quality that's the same as Sweden factories. If Geely didn't have to compensate Volvo, the price would be much less than 35K.

Man it is WIN WIN and WIN ! Like Dr. Spock would say Go forth and prosper !

Perfect & ironic

Selling and buying are 2 different entities You can drop a prices all you want but if no one takes up your offer then you are stuck with stock Over capacity is driving price cuts

Here is the problem - this was a long term plan by Geely in buying Volvo. Volvo was in distress at the time and Geely could buy it from Ford because the US Government could not stop them, and the Swedish government did not stop them when they could. Unless another player in the US market is in distress, this opportunity won't repeat itself. Could it happen? Of course. But until a car company gets in trouble and needs help, there won't be an opportunity to do this again.

When there is a Will, there is a Way!

Be careful. DoC may limit the spare parts once they catch on to this. Repairs will suffer.

btw, The dishes at the end of this video look very good

Free market? What a joke. Some wiseman once said, if you can’t beat them, ban them.

Where there's a will, there's a way!

Thank you

Kevin, do you think the US Congress can easily enact a new law or revise the existing law to plug the loophole, like they did it to TikTok?

America, terrified of competition. Lol

Where is Geely storing its camera data ?

There are also loopholes for American companies to co operate with china and operate in china, and US gov can't stop those American companies.

I like the Geely price point but what about quality? Will it last 10 years? Time will tell.

I wonder when Geely is coming to Canada?

The Volvo EX30 is 167 inches long. Tesla Model Y is 187. They are not direct competitors. The Model Y is larger and should cost more. Surprisingly, the Model Y is only slightly heavier.

No tariff == good to US consumers == bad to US government and lawmakers == less military spending! Why Kevin does like low price EV cars for US lower income citizens?

volvo was going out of business when Geely saved them.