Volvo’s Electric EX90 Hits Production

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Volvo Cars has begun production of its new electric flagship, the EX90 SUV, at their plant near Charleston, South Carolina. This milestone marks a significant step in the company’s journey toward sustainability and technological advancement. The EX90, boasting a fully electric range and enhanced safety features, is set to redefine Volvo’s commitment to innovation and the American market.

Key Highlights:

• Production Launch: The EX90 is now being manufactured in Charleston, with the first models slated for delivery in the latter half of this year.
• Technological Advancements: This SUV features core computing technology, enhancing safety and connectivity.
• U.S. Manufacturing: Reflecting Volvo’s investment in the American market, the EX90 is proudly made in the USA.
• Scandinavian Design: The EX90 combines modern design with functionality, offering a true seven-seater configuration.
• Sustainability Goals: Volvo aims to become a fully electric car maker by 2030 and achieve net-zero emissions by 2040.

Committed to South Carolina

Volvo Cars’ first U.S. manufacturing plant, opened in 2018 near Charleston, now produces the EX90 alongside the S60 sedan. This facility can manufacture up to 150,000 vehicles annually and has undergone significant upgrades, including an advanced battery pack production line. These investments underscore Volvo’s long-term dedication to the region and the broader U.S. market, where it operates through a robust network of 281 dealerships across 47 states.

Born Electric and Groundbreaking

The EX90, built on Volvo’s next-generation electric vehicle technology, offers a range of up to 600 km. It is designed to be the safest Volvo ever, equipped with cutting-edge safety technology and software. Adhering to Scandinavian design principles, the EX90 is both aesthetically pleasing and functional, providing ample space and comfort for families.

The vehicle features a powerful core system, ensuring it remains connected and upgradable through software updates delivered by Volvo’s engineers. These updates, driven by artificial intelligence and real-time data, reinforce Volvo’s leadership in the automotive technology shift.

Volvo Cars in 2023

In 2023, Volvo Car Group achieved a record-breaking core operating profit of SEK 25.6 billion, with revenues hitting an all-time high of SEK 399.3 billion. The company sold 708,716 cars globally, marking a significant year in its history.

About Volvo Car Group

Founded in 1927, Volvo Cars is renowned worldwide, selling vehicles in over 100 countries. Listed on the Nasdaq Stockholm exchange under the ticker “VOLCAR B,” Volvo remains committed to its mission: “For life. To give people the freedom to move in a personal, sustainable and safe way.”

As of December 2023, Volvo employed approximately 43,400 full-time staff, with headquarters in Gothenburg, Sweden. The company’s production plants are located in Gothenburg, Ghent (Belgium), South Carolina (US), Chengdu, Daqing, and Taizhou (China), alongside R&D and design centers in Gothenburg and Shanghai (China).

Volvo’s vision includes becoming a fully electric car maker by 2030 and achieving net-zero greenhouse gas emissions by 2040, reflecting its deep commitment to sustainability and innovation.

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