Technically Volvo (and I assume Polestar) are publicly traded but for a while Geely owned it, which is the same as Tencent owning something, etc. It's still a swedish company and I think because it's operated out of Sweden, there isn't the same pushback in the US.

That said, the note doesn't seem to understand that all those companies are kind of shitty and owned by rich people, except maybe Hyundai?

So?