[Philip Fisher]

Originally Posted by sandys

All in China as all the EV stuff, battery and motor etc is from same place, saves a tonne of money, maximum profit.

Interesting as I read a very similar comment from James Dyson in an interview yesterday. The main driver for manufacturing in Singapore was not labour saving (in fact labour is perhaps even more expensive than the UK), but supply chain considerations. The UK market is only 4% of their global market and dragging all the components from the far east to the UK to then send the majority of the finished products back again meant that they weren't making any money. I would expect that the economics for Volvo and electric cars is very similar.