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Håkan Samuelsson, CEO of Volvo Car, refuted criticism against Chinese automakers made by Peter Navarro, a senior trade advisor to the US White House. The photo shows Mr. Samuelsson.
According to Chinese media Kuaikeji, Håkan Samuelsson, CEO of Swedish automaker Volvo Car, refuted criticism against Chinese automakers made by Peter Navarro, a senior trade advisor to the US White House.
Navarro contributed an article to Politico, citing Chinese electric vehicle (EV) giant BYD as a prime example of China's "pirate business model" (imitation, absorption, subsidies, scaling up, dumping, and domination). He then called on the European Union (EU), Canada, and others to raise trade barriers and prevent Chinese EVs from entering their markets.
In an interview following the Q2 financial results announcement, Samuelsson stated that Navarro's remarks were "a bit of an exaggeration," and countered that Chinese manufacturers have prospered due to effective strategies, not unfair competition. Samuelsson said, "We live in a new competitive environment, and we must respect companies that have achieved success in the EV sector."
Regarding BYD and Zhejiang Geely Holding Group, the majority shareholder of Volvo Car, he emphasized that they "have achieved deep vertical integration across batteries, software, and the entire broader automotive value chain, and have made numerous correct strategic decisions," and expressed the view that they should be added to the list of new industry leaders alongside traditional industry leaders such as Mercedes-Benz and BMW.