Business
Sweden: Are more relaxed measures working?

Sweden: Are more relaxed measures working?

More than 100 countries around the world have implemented either a full or partial lockdown to help fight the spread of coronavirus. **Sweden is not one of those countries.**‍

Sweden's different approach

The Swedish authorities have opted for more relaxed measures that aim to isolate confirmed cases as much as possible, while keeping schools for younger children, restaurants and most shops and businesses open. That policy is very different to neighboring Scandinavian countries such as Denmark, Finland & Norway, all of which imposed some form of lockdown more than 3 weeks ago.

In fairness, life is still far from normal in Sweden. There are still social distancing guidelines and traffic data from Citymapper suggests that planned trips in Stockholm have fallen 70%, with most Swedes working from home if they can.

Unfortunately, the last week seems to suggest that those measures might not be enough. Sweden has now recorded almost 800 deaths from coronavirus, twice as many as its Scandinavian neighbors combined.

Sweden's strategy to save its economy some pain in the long run was a bold one, but if deaths in the country keep rising at this rate it probably hasn't worked.

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Ford reportedly in talks to buy hybrid vehicle batteries from Chinese auto giant BYD

Detroit’s Ford and China’s BYD are said to be in ongoing talks to partner on an agreement that would see Ford buy hybrid vehicle batteries from BYD, according to reporting from The Wall Street Journal.

The report comes just days after President Trump toured a Ford factory in Michigan and implied openness to Chinese automakers coming to the US.

“If they want to come in and build a plant... that’s great, I love that,” Trump said on January 13. “Let China come in, let Japan come in.”

Last week, China’s Geely Automobile Holdings said it expects to make an announcement about expanding into the US within the next three years. Chinese carmakers currently face huge tariffs and software restrictions, effectively barring their vehicles from the US.

Ford has doubled down on hybrid vehicles amid high EV costs and the end of federal EV tax credits. The automaker is currently building a battery plant in Michigan where it plans to use tech from Chinese battery maker CATL.

“If they want to come in and build a plant... that’s great, I love that,” Trump said on January 13. “Let China come in, let Japan come in.”

Last week, China’s Geely Automobile Holdings said it expects to make an announcement about expanding into the US within the next three years. Chinese carmakers currently face huge tariffs and software restrictions, effectively barring their vehicles from the US.

Ford has doubled down on hybrid vehicles amid high EV costs and the end of federal EV tax credits. The automaker is currently building a battery plant in Michigan where it plans to use tech from Chinese battery maker CATL.

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