Volvo was sinking into oblivion until Geely rescued it and now it is the crown jewel of Swedish motor industry.

Smart people who are outsmarting the officials who crafted laws!

Raimondo must be pulling her hair out when she hears of the Geely/Volvo case. Geely/Volvo better have top notch lawyers on standby as they can expect the Dept of Commerce to clamp down on this.

This thing will sell like CRAZY. Come on over Geely!

Very interesting take on how Chinese TVs sell In US. Now I can lease/buy a low price good quality car made in China.

Where’s the free trade free market free competition as preached by the US itself (shame on the US)?

This was done back in 2010 and now 14 years later Geely is reaping the harvest. Who would have thought. US plays checkers while China plays GO.

You people should keep quiet. Most Westerners don't know Volvo, Polestar, MG, and Lotus are Chinese owned. 😂

Great to hear that the US gets outsmarted 👏

Thanks Kevin. Another gem. Should make things interesting.

I think Geeley own Lotus too so Lotsu should be sold tariff free in US too!!

We need NIO in the US !!!!!!!

Great. I'm buying it first chance I get.

GREAT INFO Kevin!!! Awesome! Volvo is looking more promising with each passing day...

Interesting timing. Blinken visiting China right now is getting his posterior handed back to him

Bring NIO somehow, that is top of the line

More EV adoption in the US soon. Everyone likes a good deal no matter who makes it.

Geely also owns British carmaker Lotus. SAIC another Chinese carmaker owns Britain's MG. Stellantis one of Detroit's Big 3 owns a 20% stake in Leapmotor, another Chinese EV maker. So this is how Chinese carmakers enter the US market LoL

Volvo has another brand, Polestar, purely EV subsidiary. Geely also has Lotus and MG brands. Thus Geely has more opportunity than other Chinese EV brands overseas. Look like Geely has great foresight.

I remember when Volvo was first sold to Geely,every news media was laughing at how Geely overpaid and will just lose money on Volvo. How times have change.

All the food on your table is my favorite.

Kevin, well done! I believe you are the first report on this afaik.

Americans are good at loophole applications.

Interesting development to say the least!

The great adage, "Payback's a b*tch!" comes to mind. Remember the two Opium Wars?

What happened to "Free Trade"?

Behind every sanction lies a business opportunity.

Japan and USA just CANNOT handle China.. LOL 🤣😂🤣🤣

The way geeley finagled and evaded the tariffs is quite intriguing. It's a boon to american consumers, but a bane to american car manufacturers, namely Tesla.

Regulatory wack a molle 🤣. Keep up the great work, love your videos.

Volvo is popular due to its safety record in Texas due to high car accident rates. Insurance is expensive. We have so many Volvo cars on the road.

Now I know why Toyota can drop the price on the new EV car selling in US leasing only $129 thanks👍

That was long expected, when I first saw the Geely’s copy of some European SUV in a Middle Eastern Oil rich country I predicted that way back then.

When Volvo was a subsidiary of Ford, it was bleeding to death. Both Ford and Volvo. And then came the White Knight Geely. It rescued and restored Volvo back to health . Now the West sings a different tune....

USA promotes free trade. USA shall not have 27.5 % tariffs on China BEV. When Americans get used to BEV that Good just has tariffs on China BEV. # For the sake of reduce global warming.

If Geely/Volvo can avoid getting shut down by the US regulators Government ... Then I expect Greely to field offers from Chinese EV companies to buy them out. To get that access

Tesla's Elon Musk says that his Shanghai plant is the most productive in the world. He has built a second Chinese plant to increase his exports. That tells you something about competition by US companies. US companies, subsidized by the US government, will not be able to export to the world because of cost....why do you think all have subsidiaries in Mexico producing cars and trucks. The US government subsidies help US consumers to buy 'Made In USA' cars that are not competitive worldwide. Another note: Geely is buying a stake in Renault South Korea. If so, Geely cars made in South Korea won't suffer the onerous tariffs that direct exports from China would. Mexico was supposed to gain from US laws by allowing Chinese companies to build factories in Mexico. Now that plan is dead because of US pressure. It seems the NAFTA agreement only applies to American companies.

Really hope Tesla got the heat. It will be good for competition & the user.

Good news for American comsumers then. So whars tge problem

"you said it all man..."👈

With acquisition of Volvo Geely simply tapped into most sophisticated engineering and design knowledge base of Swedish engineering powerhouse. And also worlds safest brand as well. Volvo is synonymous with quality.

Thank you for your sharing, especially the last 10 secs part. 😉

I love the ending video of an array of great Chinese food!

That's a good opportunity and clever ❤😂🎉😅😊

I'd love to be a fly on the wall when Biden gets the news lol

Wow, how bizarre, but great news unless Congress screws Volvo. I assume Volvo will be quiet about this. We have had Saab’s and Volvo’s in the past and almost bought their gas version a few years ago, but its pricing was not competitive and switched to Toyota. This would likely be a leader in the U.S. and more family practical than a Tesla whose lack of diversity of models is now a drawback. Polestar would also likely qualify since they used to be marketed by Volvo in the past. Other brands they own and U.S. consumers should be familiar with include the tiny SMART city cars, LOTUS, and some are familiar with Proton. LOTUS-USA would seem to qualify. They state they will offer NEV's in 2024 made by Geely in Wuhan. They also own Zeeker which would be cool to bring in. Some of the MG's (popular in China) might qualify because of their collaboration with GM, though this is currently limited to manufacturing gas motors. MG is owned by SAIC Motor Corporation Limited which is State-Owned and they have a design shop in the UK. How ironic. GM would need to partner with their NEV side where GM in the U.S. has failed. Lots of possibilities if GM leadership is forward-thinking. Ford’s in China are made by Changan offering possibilities if they could get their NEV act together. Now if only BYD could figure something out or Mexico grows some “balls”. BYD has been building electric buses in California for a number of years.

I can imagine a lot of non-Chinese company’s will be looking at this closely. GM and Tesla spring to mind.

Love it

It's good to know the Chinese EV car entering the US market, however the price/quality ratio is still not that great. Polestar is a nice EV but way too expensive comparing to those purely in Chinese brands, namely BYD, Li, NIO ... I have a VW ID.4, paid $53000 before $7500 rebate. It is a just ok car, however the price tag is mounting high. Should the Chinese EVs be present in the US market, I would have no hesitation to pick one instead of the ID.4 for good.

Genius

Thank you.

yes!!! we get geely/volvo EVs here in the US!

Watch them close those "holes" ASAP

American elite: 100. American consumers: 1. And the elite and politicians still bitch about it.

A smart inside man covering the inner workings of Chinese business, rare Intel thank you sir!

The shows are too short!!! 😅😅😅

If there is a will there is a way. If there is a crack, water can get in. If there is a market, sell sell sell!

Loopholes are bout as natural and national to lawyers as to tax payers.

Washington will force Geely to divest Volvo.

Great video. Thanks.

5:08 Have a nice meal.😋😋😋

Wow, thanks for informing.

Happy for Geely! We need the competition in this country.

Ok I am going to my local Volvo dealership soon to check out the EV lease deal 🙂

I think Marco Rubio will move the goal post to take away the 7k credit, and put new tax on Chinese cars.😅😅😅😅😂

Kevin with another great video

It’s sound awesome 😊👍

The final scene of food on the table is what I want lol.

All Huawei and BYD needs to do is to set up their factories in Mexico, then, set up their own leasing wholesalers, produce the cars, and sell them to the leasing wholesalers The leasing wholesalers will then lease those cars to the Americans That's all to it

5 minute video ? awesome !!

i hv a geely for 3 yrs. Great car.

Tesla can do the same setup manufacturing in both US and China for battery and other parts. The thing nice about this is you can lease and try the car. The worse thing is you don't extend your lease.

I'm sure Uncle Sam national security spell is being concocted by Raimondo giglely at the very moment for Geely .

Perfect & ironic

When they buy the car at the end of the lease, they will end up forfeiting the $7500 and IRS will be directed to go after the buyers. No doubt the government will eventually find ways to plug the loopholes. This is gonna get caustic

Chinese EVs is revolutionising global car industry. Well done China 👍❤️🇨🇳

Kevin, do you think the US Congress can easily enact a new law or revise the existing law to plug the loophole, like they did it to TikTok?

Selling and buying are 2 different entities You can drop a prices all you want but if no one takes up your offer then you are stuck with stock Over capacity is driving price cuts

Yes, i'm sure the normal americans are getting worried that car prices are getting cheap.

❤ !

Be careful. DoC may limit the spare parts once they catch on to this. Repairs will suffer.

I like the Geely price point but what about quality? Will it last 10 years? Time will tell.

Awesome! Maybe eventually get good swap stations in USA and solve range anxiety, high insurance, and over all safety through battery health monitoring! Plus get great resale with BAAS by Nio or partners because you don't own the battery. You lease it, like you lease gas everytime you fill up. Only instead of having to leave to fill up you just order up a battery swap at say 3am and come out in the AM next morning to a fully charged car! With a healthy battery!

GM and Ford are working with their Chinese partners to rebrand and export China made autos directly to the US and other global market. Leading EU players are building complex equity and licensing relationships with Chinese manufacturers. Understand and accept the reality and ride with the wave requires great courage.

AFAIK this method of implementing a strategic partnership is a fully acceptable way to enter the US market and not something sneaky or underhanded as presented. The US has always supported trade and imports that compete on an even playing field and Volvo's history as an established car brand should mean compliance with US regulatory requirements Chinese manufacturers are not used to. In any case, it'll be interesting to see if the new price points have any effect. The referenced Carlsbad Volvo dealer is in the heart of Southern California, a hotbed of EV adoption. Sales would be very strong there but EV sales are down substantially across the rest of the US. If these cars actually sell successfully in the US, it would mean the down market is more the fault of the manufacturers and not consumer adoption.

Didn't geely reduced the shares in Volvo by significant bit

the empire's homeland is a hotbed of shysters and short order cooks.

No tariff == good to US consumers == bad to US government and lawmakers == less military spending! Why Kevin does like low price EV cars for US lower income citizens?

Where is Geely storing its camera data ?

btw, The dishes at the end of this video look very good

The Lincoln Nautilus EV sold in the USA is also made in China (but imported through Canada), but shhhhhhhhhhh!

Man it is WIN WIN and WIN ! Like Dr. Spock would say Go forth and prosper !

I wonder when Geely is coming to Canada?

The Volvo EX30 is 167 inches long. Tesla Model Y is 187. They are not direct competitors. The Model Y is larger and should cost more. Surprisingly, the Model Y is only slightly heavier.

Double standards is the GOLD STANDARDS in the US

Very smart people at Geely and Volvo i just want american brands to level up so we can enjoy better EV products and services.. do what Nio has done battery swap is the answer to range anxiety but US auto are putting more investments into hybrids and more charging stations.. i called the us autos myself about the swap tech, both Ford and GM are too cheap to pursue it.

When there is a Will, there is a Way!

Great food… yummy…

Both companies are not smart enough to come up with this I will suggest it is some MBA/JD came up with the bright idea and convinced the bosses this will work. Bravo for the execution and now consumers will benefit from this. Imagine the cost of the EV AFTER $7,500 rebate. Just watch out for the dealership inflating the “money factor” on the lease to arrive at the monthly payment. Meaning, the cost of the vehicle has NO RELATIONSHIP to the monthly payments, the dealership can adjust the money factor in the software to jack up the monthly payments and wipe out any rebate savings, just watch out for that. They can do that bc most people are clueless when it comes to interest rate vs money factor (for lease)

Free market? What a joke. Some wiseman once said, if you can’t beat them, ban them.