Volvo to make flagship electrical SUV in US and China

The EX90 is the primary pure battery electrical mannequin in a variety forthcoming over the subsequent decade. Volvo plans to provide a brand new battery automobile annually to 2030 by which period it goals to solely promote EVs. By mid-decade the carmaker goals to promote 1.2m vehicles yearly with half of these totally electrical vehicles. It additionally goals to promote half of all vehicles by way of on-line channels.


“The Volvo EX90 just isn’t solely our first-born electrical SUV, it additionally marks the beginning of an intense renewal interval throughout which we are going to launch one new totally electrical automotive yearly in coming years, powered by superior expertise and enhanced connectivity,” stated Jim Rowan, chief government, Volvo Vehicles.

The lithium-ion battery for the EX90 will likely be made by CATL, although the battery maker lately postponed plans to construct a US plant. Whereas not confirmed, it’s probably that new US laws on battery sourcing, outlined within the Inflation Discount Act, will have an effect on the price of supplies for the world’s largest battery maker.

The IRA promotes native manufacturing of each zero-emission automobiles and lithium batteries, and consists of the home provide of battery supplies, providing a number of provisions to supply home supplies and localise battery manufacturing from begin to end within the US.

Logistics benefits 
Volvo wouldn’t affirm any automobile distribution plans at this stage however it’s probably that for brief and deep-sea exports the carmaker will use the port of Charleston, because it does for the S60, which can also be made on the South Carolina plant. Manufacturing of the S60 started in 2018 and Volvo began exports to Europe by means of Charleston in 2019. Greater than half of the automobiles produced on the US plant are exported. The EX90s made in South Carolina will likely be delivered to markets in North and South America, and to Europe.

Logistics issues, together with worldwide port entry, have been a consider Volvo’s authentic selection of South Carolina to construct its plant. The carmaker additionally pointed to the world’s well-trained workforce, good funding surroundings and expertise within the hi-tech manufacturing sector.

South Carolina Ports introduced final month that it was growing a rail hyperlink and intermodal yard to serve the Charleston port. Palmetto Railways will assist Class I railroads CSX and Norfolk Southern in utilizing the rail yard to maneuver items to and from the port. The port authority stated round 24,000 metres of rail observe will create a capability of 1m rail lifts in Part 1.

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