Note that both development and production still happens in Europe.
I did some digging for my next car and this is what I found: The Chinese owner established newer companies for the Chinese market mostly in China which use their engineering. One of them is a pure EV company.
edit: yeah, found this: https://electrek.co/2018/04/25/volvo-electrification-plan-fu... . And their goal is 50% of sales will be electric by 2025.