Volvo plans to use Southeast Asia as a new strategic fulcrum

In order to cope with geopolitical risks, Volvo plans to use Southeast Asia as a new strategic fulcrum and build a regional supply chain with Malaysia's Proton Group. This strategy aims to reduce the increase in export costs of electric vehicles from China due to the implementation of the EU's carbon tariff policy, while also solving the battery cost problem faced by European local automakers due to insufficient localization of the supply chain.