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Volvo Cars Explores Local Battery Sourcing in the US to Mitigate Tariff Impact
2025-02-14 /
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Author：小编
By 2024, the tariffs imposed by the United States on imported electric vehicle batteries and related materials from China will escalate to 25%, marking a more than threefold increase. In response to this development, Volvo Cars is actively seeking local battery suppliers in the United States for its fully electric flagship SUV, the EX90, which is manufactured in the country. Despite being produced in the US, the EX90 currently relies on Contemporary Amperex Technology Co. Limited (CATL) in China for its battery supply. The surge in tariffs has resulted in heightened costs, prompting Volvo to reassess and adapt its supply chain strategy.
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