Volvo Cars warn of pulling electric cars out of the US

Volvo Cars, owned by Zhejiang Geely Holding in China, is not going to sell its all-electric Polestar models in the United States if the company has to deal with tariffs on exports from China, the Financial Times reported on Wednesday.

“The business case for bringing the car to the U.S. is highly relied on the type of tariffs we have,” Polestar Chief Executive Officer Thomas Ingenlath informed the Financial Times.

Volvo Cars’ luxury performance brand Polestar revealed its first fully electric sedan in February, opening up online early orders for the five-seater fastback at a cost and with a driving range to compete Tesla Inc’s mass market Model 3.