Russia currently has four major automakers, Lada Vesta, UAZ, GAZ, and Aurus Senat, all of which would stand to gain from acquiring some of Volvo’s tech secrets.
Corporate espionage is nothing new. American authorities have accused China of doing the same in regards to high-tech companies, and this latest instance in Sweden should serve as an additional warning. Russia’s auto sector has never obtained global sales at the level of America’s or Europe’s, but many Chinese automakers are actively pursuing this goal. Geely is clearly one of them but others are not in the same position and are probably willing to do whatever it takes to get ahead.