Volvo CEO refutes Navarro's comments on China: The reason why Chinese car companies are successful is because they rely on effective strategies.

Volvo Car Group CEO Hkan Samuelsson recently openly refuted the accusations against Chinese car manufacturers made by Peter Navarro, White House trade and manufacturing adviser. Samuelsson said that the success of Chinese car companies is based on effective strategies, not so-called unfair competition. In response to Navarro's claim that Chinese car companies are "plundering the global car market," Samuelsson, in an interview after Volvo Cars announced its second-quarter results on the 17th, said, "We are in a new competitive landscape and must respect those who have succeeded in the field of electric vehicles." "Chinese manufacturers have done many things right," Samuelsson added, they have achieved high vertical integration in batteries, software, and the broader automotive industry value chain. "You have to consider them as leading companies in the new generation industry, on par with traditional leading companies".