Hakan Samuelsson to use Geely supply chain to reduce costs

As the new CEO of Volvo Cars, one of Hakan Samuelsson's main tasks is to use the Geely supply chain to reduce costs in response to the pressure of US tariffs and EU anti-subsidy duties. He needs to balance electrification investment with short-term profits, which may accelerate the iteration of hybrid technology while using the Geely supply chain to reduce costs. The change was driven by Li Shufu, CEO of Geely Auto and Chairman of the Supervisory Board of Volvo Cars. Li Shufu has a high opinion of Samuelsson and is not satisfied with the performance of the previous CEO, who left because the electrification transformation was not as expected.