Hardware · Updated 23 Oct, 08:23 pm IST
Volvo says EX60 has 50,000+ European orders but production is lagging
Why it matters for readers: If you follow EVs, it explains why a popular new model can still be hard to buy because of production teething problems.
- Volvo has received more than 50,000 orders for the EX60 in Europe since production began.1
- So far the company has built only about 5,000 EX60 units because the production ramp is slower than expected.1
- Volvo says new industrial technology — including a cell-to-body structural battery design and manufacturing changes for the SPA3 platform — is contributing to the slower ramp.1
- CEO Håkan Samuelsson called the EX60 a cornerstone of Volvo’s comeback plan and one of its most profitable models, but warned financial benefits depend on higher volumes.1
- Volvo had planned to expand deliveries to new markets including the U.S., but expects fewer deliveries there than initially forecast.1
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