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The CEO of Volvo Cars, Håkan Samuelsson, criticized Washington's accusations against Chinese companies for hacking, emphasizing that their success is due to effective and integrated strategies, not unfair competition. He stressed that BYD and another company within the Geely group, both of which own Volvo, are long-term leaders in China thanks to their extensive integration in battery production, software, and supply chains. This makes them pioneers in the new automotive industry alongside traditional companies like Audi, BMW, and Mercedes. His remarks came after Volvo's second-quarter financial results were announced, amid Chinese companies continuing to expand into European markets despite tariffs, while Volvo has received U.S. approval to continue selling its connected cars.
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