Comment by bryanlarsen 17 hours ago
Volvo has more people working for it in China than in Sweden.
Volvo builds more cars in China than it does in Sweden.
Volvo is owned by the Chinese.
Arguably more of the design for Volvo cars is done in China. It depends on whether you consider the visible design more important or the powertrain.
Volvo is part Swedish, but it's much more "Chinese-Swedish" than "Swedish-Chinese".
Apple products are all “Designed in Cupertino, California,” and manufactured in China, but it isn’t Chinese. I think what makes Volvo a Chinese company is that they are literally owned by the Chinese, though I think it’s smart for them to continue to design in Sweden to retain their historical positioning and sensibilities.
You wouldn't say Thinkpad is a US laptop anymore.
Milwaukee tools? Chinese.
You wouldn't say that many of the skyscrapers in China designed by international artists and architects weren't Chinese.
It doesn't matter who is designing the Chinese cars. They're Chinese owned and operated. That's where the buck stops.
What's to stop the Swedish portion from being downsized in the future? That call would be made in China.
The majority of the employees, in particular top management, is Swedish.
2/9 on the board are Chinese (same as Swedes). The rest are westerners.
Volvo produces more cars in Sweden than Apple produces iPhones etc in the US.
But you are correct that ownership of the company is majority Chinese (Li Shufu/Geely specifically) and they can control a lot.
Apple's ownership is more muddy, since the largest owners are big institutional (US) owners - mostly representing owners from who knows where through big funds (including index funds). I think it's fair to say that Apple is owned very globally. In that sense it's not US controlled, but globally controlled.
I think Volvo is still very Swedish, including its products, but also heavily Chinese influenced (and trending up) due to market challenges.
There's probably still some value in associating a large multi national company to a specific country and attributing it certain things due to that, but with these big companies it's becoming less so and definitely more complex. But saying that Volvo is fully Chinese and not Swedish anymore? That seems like fooling oneself.
All the main design, both aesthetically and mechanical, is done in Sweden. This is what makes it Swedish