Volvo Car Group CEO Hanken Samuelson recently publicly refuted US White House trade and manufacturing senior adviser Navarro's accusations against Chinese automakers. Samuelson said that the reason for the success of Chinese car companies is that they rely on effective strategies rather than so-called unfair competition. According to the report, in response to Navarro's claim that Chinese car companies are “seizing the global automobile market,” Samuelson said in an interview after Volvo Cars announced its second-quarter results on the 17th: “We are in a new competitive pattern, and we must respect companies that have succeeded in the field of electric vehicles.” “Chinese manufacturers are doing a lot of things right,” Samuelson added, adding that they have achieved a high degree of vertical integration in batteries, software, and the broader automotive value chain. “You have to include them on the list of next-generation industry leaders and keep pace with those traditional leaders.”

Volvo Car Group CEO Hanken Samuelson recently publicly refuted US White House trade and manufacturing senior adviser Navarro's accusations against Chinese automakers. Samuelson said that the reason for the success of Chinese car companies is that they rely on effective strategies rather than so-called unfair competition. According to the report, in response to Navarro's claim that Chinese car companies are “seizing the global automobile market,” Samuelson said in an interview after Volvo Cars announced its second-quarter results on the 17th: “We are in a new competitive pattern, and we must respect companies that have succeeded in the field of electric vehicles.” “Chinese manufacturers are doing a lot of things right,” Samuelson added, adding that they have achieved a high degree of vertical integration in batteries, software, and the broader automotive value chain. “You have to include them on the list of next-generation industry leaders and keep pace with those traditional leaders.”