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Meanwhile, Volvo suggested the US-bound EX30 could come from Belgium as it looks to avoid newly introduced tariffs. The European Commission revealed plans to impose additional tariffs on Chinese-made EVs by up to 38.1% Volvo plans to begin EX30 production in Ghent, Belgium, but not until 2025.
Volvo announced it’s delaying the EX30 launch in the US as it ramps up production in Belgium. Earlier this month, the EU revealed additional tariffs expected on Chinese EV imports, including Volvo’s parent company, Geely. Volvo EX30 Cloud Blue and Vapour Grey (Source: Volvo) Annwall suggested the US-bound EX30 could come from Belgium.
The transport minister stated this month that Tesla mustn’t promote Chinese language vehicles made in India and as alternative manufacture domestically, however, Tesla has indicated it needs to experiment with first imports. The Tesla Model Y sales have topped in August with 790 registrations within less than a week since its arrival.
The EX30 starts at $34,950 in the US and 36,000 euros ($38,500) in Europe as one of the most affordable EVs on the market. Volvo EX30 Cloud Blue and Vapour Grey (Source: Volvo) Volvo is no longer accepting EX30 orders online On top of this, the EU recently introduced new tariffs on Chinese-made EVs that could impact profits.
Volvo’s most affordable EV is already having a major impact on the brand. The company, which is majority-owned by China’s Geely, is also preparing for new EU and US tariffs on Chinese imports. Starting at $34,950, Volvo’s compact electric SUV will be among the most affordable EV options on the market. billion) in Q3 2023.
Looking at the remaining five-digit total markets, both Belgium and Sweden saw registrations decline by 20.3%. However, other six-figure markets were not so positive, namely Sweden (down 7.8%), Belgium (down 3.3%), the Netherlands (down 3.2%) and Ireland (down 0.9%). This affects more affordable all-electric made in China.
Starting at $34,950, the electric SUV will be among the most affordable EV options in the US. After the 100,000th EX30 model rolled off the production line this week, Volvo will carry the momentum into 2025 with plans to begin producing the low-cost EV in Belgium. The EX30 is scheduled to arrive in the US later next year.
Chinese EV brand Leapmotor, which entered into a binding agreement to sign a joint venture (JV) with the Amsterdam-based Stellantis, concluded the deal in a short span of 7 months on Tuesday. Affordability is right now the number one problem with EV expansion worldwide. The JV will help in offering affordable vehicles,” he added.
Four days after XPeng Motors first unveiled its new P7+ EV, hailed as the “world’s first AI car,” the Chinese Automaker showcased it to the European public during the Paris Motor Show. Following the event, pre-sales of the P7+ began in China, and XPeng shared initial pricing.
In October, though, Volvo announced that, due to positive public reaction and high demand, it would add production of the EX30 to its factory in Ghent, Belgium, where the current XC40 Recharge and C40 EVs are built. For that reason, the EX30 stands alone—and that makes it an important, and affordable, EV for this year.
Meanwhile, Belgium and the Netherlands have surpassed these two countries. New, stricter incentives were introduced at the beginning of the year, which impacted Chinese carmakers in the country. Many European and Chinese brands attended the Paris show, as well as other international marques. in January.
In October, though, Volvo announced that, due to positive public reaction and high demand, it would add production of the EX30 to its factory in Ghent, Belgium, where the current XC40 Recharge and C40 EVs are built. For that reason, the EX30 stands alone—and that makes it an important, and affordable, EV for this year.
Whether or not Chinese OEMs employ unionized factory workers (none of the existing foreign automakers with US factories employ union workers today), to reduce or eliminate trade tariffs, political issues, and the loss of tax credits — these automakers may almost be forced to build their vehicles in US factories.
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