Volvo Cars delays production of the EX90

Volvo Cars delays production of the EX90

Swedish company Volvo Cars has delayed the start of production of its new Volvo EX90 model for more software development and testing, it said on Thursday, sending its shares down 5%.

The company now plans to start production of the all-electric SUV in the first half of 2024, it said in a statement.

Volvo Cars, majority-owned by China’s Geely, unveiled the model late last year, expecting it to hit showrooms in early 2024.

Production was previously scheduled to start in late 2023, a Volvo Cars spokesperson said. He declined to say when the company now expects the model to hit showrooms.


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