In a case like this I think it is fair to look at how much of the money ends up outside of Europe (roughly). So a Volvo designed in Sweden and built in Slovakia is leaving more money in the EU than a BYD designed and built in China. But not as much as a Volkswagen or Fiat. Though with complex products it can be hard to know what comes from where and with big companies it can be hard to know where profits are spend (perhaps Volkswagen uses their profit to expand their production in China for example).
But I think aside from money earned it is also fair to look at what kind of things might result from that income. For example a product with a chip imported from China might be equal European as a product with a chip imported from Taiwan but since Taiwan is not committing genocide I much rather have them receive that money.
Volvo build at least one car model, arcording to the article, in Slovakia. But they have production plants all arround the world sweden, belgium, denmark, but also china, usa and more. That quite common for car companies that they produce their cars in a lot of countries all arround the world. Usualy a certain model is produced in a plant, most cheaper models are produces in countries with cheaper loan cost. So in general i think it’s hard to say how much money end up in europe.
In a case like this I think it is fair to look at how much of the money ends up outside of Europe (roughly). So a Volvo designed in Sweden and built in Slovakia is leaving more money in the EU than a BYD designed and built in China. But not as much as a Volkswagen or Fiat. Though with complex products it can be hard to know what comes from where and with big companies it can be hard to know where profits are spend (perhaps Volkswagen uses their profit to expand their production in China for example).
But I think aside from money earned it is also fair to look at what kind of things might result from that income. For example a product with a chip imported from China might be equal European as a product with a chip imported from Taiwan but since Taiwan is not committing genocide I much rather have them receive that money.
Volvo build at least one car model, arcording to the article, in Slovakia. But they have production plants all arround the world sweden, belgium, denmark, but also china, usa and more. That quite common for car companies that they produce their cars in a lot of countries all arround the world. Usualy a certain model is produced in a plant, most cheaper models are produces in countries with cheaper loan cost. So in general i think it’s hard to say how much money end up in europe.
Totally agree, as a consumer you’re left guessing in a lot of cases. Often there is no black and white set of options.