Volvo Cars Gets Permit to Sell Connected Vehicles in U.S. Listen to the full version Volvo Cars has secured a specific authorization from the U.S. government to export and sell connected vehicles in the country despite its Chinese ownership, bypassing upcoming bans taking aim at Chinese- and Russian-linked automotive technologies. The landmark decision offers Volvo a vital exemption from stringent U.S. restrictions scheduled to take effect in 2027, making it the first known automaker with major Chinese backing to secure such a permit. Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations. Save an extra $50. Introductory offer for new readers. Subscribe now. - DIGEST HUB - Volvo Cars secured a U.S. government waiver to export connected vehicles despite Chinese ownership, bypassing 2027–2030 bans on China-linked tech. - The Swedish automaker, ~79% owned by Geely, invested $1.3B in South Carolina and plans two new models before 2030. - Analysts say the precedent is unlikely to be replicated by other Chinese carmakers due to Volvo’s long U.S. history and manufacturing footprint. - Volvo Cars - Volvo Cars secured a rare U.S. waiver to export connected vehicles despite 79% Chinese ownership by Geely. The Swedish automaker bypasses 2027 restrictions through constructive talks on governance and data security. It has invested $1.3 billion in a South Carolina plant, creating over 2,000 jobs, and plans two new models by 2030. - Zhejiang Geely Holding Group Co. Ltd. - Zhejiang Geely Holding Group Co. Ltd., a Chinese company, holds an approximate 79% stake in Volvo Cars. Due to this ownership, Volvo is categorized as a China-linked entity under U.S. rules, requiring a special waiver to continue exporting connected vehicles to the U.S. - September 2024： - Washington begins levying a 100% tariff on Chinese electric vehicles. - Early 2025： -