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Volvo Cars delays EX90 production start

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Sweden-based 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%.

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 expects to start production of the fully electric SUV in the first half of 2024, it said in a statement., unveiled the model late last year, expecting it to hit showrooms in early 2024. Production was previously planned to begin at the end of 2023, a Volvo Cars spokesperson said. He declined to say when the company now expects the model to reach showrooms.

 

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