Scania intends to export half of the trucks to be built at its new €2bn plant in China as the Swedish group doubles down on manufacturing in the world’s largest commercial vehicle market despite rising geopolitical tensions.
Chief executive Christian Levin told the Financial Times that the Volkswagen-owned group was preparing for a wave of Chinese-made trucks by staying close to rivals who are producing cars in the country and competing fiercely on technology.
“China has more free trade agreements with countries in the world than the European Union. We will, of course, take advantage of any export opportunity,” Levin said in an interview.
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