Volvo Receives U.S. Authorization to Continue Selling Connected Cars Despite Chinese Ownership
By
Dan Mihalascu
Master baker tier. Every paragraph earns its place on the tray.
Summary
Volvo Cars, a Swedish automaker majority-owned by China's Geely Holding, received a specific authorization from the U.S. Department of Commerce to continue selling connected vehicles in the United States under the ICTS Connected Vehicles Rule. The rule targets Vehicle Connectivity Systems (VCS) technologies like Bluetooth, cellular, Wi-Fi, and satellite modules over 450 MHz, and requires companies with foreign ties to obtain special approval to import and sell connected cars in the U.S.
Key quotes
· 3 pulledVolvo Cars announced on May 26 it was granted a specific authorization from the U.S. government allowing it to continue selling connected vehicles in the country.
The Swedish automaker, which is majority owned by China's Geely Holding, was required to follow a process with the U.S. Department of Commerce to obtain a specific authorization for the continued import and sale of connected cars in the country under the ICTS Connected Vehicles Rule.
The rule heavily targets two main technologies—Vehicle Connectivity Systems (VCS), such as Bluetooth, cellular, Wi-Fi, and satellite modules over 450 MHz.
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