Volvo CEO Jim Rowan indicated that the company is expected to have the same gross margin on the EX30s made in China and Europe.
The EX30 is Volvo's take on an affordable electric hot hatch, with up to 275 miles of estimated range and 455 horsepower. Models that will arrive in the U.S. next year will be made in Belgium, instead of China, due to the hefty tariffs levied on Chinese-made EVs. CEO Jim Rowan indicated that European production won't necessarily impact affordability as Volvo may save on logistics and inventory holding costs. The Volvo EX30 was one of the most awaited models of this year in the U.S.
we expect to have by and large the same gross margin from the product produced in Belgium as we do in the product produced and shipped from China.” Rowan claimed Volvo was within 15-20% of gross margin on the EX30 and even after moving production to Ghent, it would still be 'within that operating range.' All that doesn't exactly translate to Volvo keeping the exact $35,000 price tag that it initially promised, but it sounds like the EX30 may not cost substantially more.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NFL Cutdown Day: Most Interesting Moves Made (and Not Made)Some teams had some tough decisions to make.
Read more »
Review: 2025 Volvo EX90 3-row EV beckons the future, juggles prioritiesConceived as Volvo’s first software-defined vehicle, its first with lidar safety, and a dedicated EV, the EX30 loads on the tech but hasn’t lost sight
Read more »
A Volvo EX30 Impressed This Reviewer. Then It Suddenly DiedVolvo’s cheapest electric vehicle seems to be a winner, but it still has a few bugs that need to be ironed out before it reaches the U.S. market.
Read more »
Volvo EX60 To Debut New Advanced Platform, Paving The Way For Rapid EV DevelopmentThe new platform is theoretically compatible with models of all different sizes, covering a wide spectrum of segments
Read more »
Volvos built from 2020 eligible for new infotainment systemVolvo will offer its latest infotainment system free of charge as an over-the-air update.
Read more »
Volvo EX60 reportedly due in 2026 with next-gen EV platformVolvo's top-selling XC60 is set to receive an electric alternative.
Read more »