China’s Geely Feels Tariff Pain Across Sprawling Empire
International brands Volvo, Polestar and Smart get caught up in escalating trade tensions.
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Geely Holding, the automotive empire overseen by billionaire Li Shufu, has the most extensive international footprint among China’s emergent carmakers. Its stable of brands includes Sweden’s Volvo and their jointly owned EV offshoot, Polestar; Smart, the small-car marque co-owned and operated with Mercedes-Benz; and Lotus, the British racing icon.