3 ms·
Volvo Cars is a company incorporated in Sweden and is traded on the Stockholm stock exchange. It does have a Chinese majority owner, but also large Swedish inst
by VoxPelli 3y ago
Volvo Cars is a company incorporated in Sweden and is traded on the Stockholm stock exchange. It does have a Chinese majority owner, but also large Swedish institutional investors and have to abide by Swedish corporate regulation and the regulations of the Stockholm stock exchange, so unfortunately it’s more complex than what you want it to be.
Polestar is in turn majority owned by Volvo Cars but also traded on the New York Stock Exchange, having to abide by rules there
Also, remember that time when Elon Musk claimed he would make Tesla private in cooperation with Saudi Arabia?
Also speaking of Saab: The Emily GT is set to start production in the old Saab factory soon, if/when that happens it looks like a solid Tesla Model S competitor.
Lastly: Remember the Tesla Semitruck? Well, Volvo and Scania is performing a bit better there… And Northvolt is supplying them batteries, and the Swedish carbon free steel will soon provide them great raw materials…