Sweden does not have a car industry. The fighter jets are a different matter, very strong technical moat and need to prove the system in combat. You can't just start a fighter jet business.

What do you mean Sweden does not have a car industry?

Volvo and Polestar have their HQ in Sweden and huge manufacturing plants. They also develop platforms for some other Gealy brands including Link&co and IIRC also Zeeker.

And then there is the Koenigsegg...

Looking at Ford, GM, and Stellantis, one can say the US doesn't really have an auto industry either. Certainly not a car industry.

It does with Volvo, although I couldn't say how big it is relative to global industry. Within Europe it's a large player

Volvo still produces cars in Sweden. Koenigsegg still build their cars in Ängelholm.

Sweden had a native car industry they decommissioned themselves, in short, they basically gave up, but they’re not alone Australia, New Zealand did the same and so did Canada, but they’re starting to realize that they were a little bit hasty in giving up….

Then last, but not least the UK basically threw the towel in too on a wide assortment of industries, but they’re now discovering that that was a big mistake.

Why are you discounting Volvo?

>> Sweden does not have a car industry.

Apart from Volvo, Koenigsegg and Polestar and Scania. Apart from that, you’re right.

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