Market Chatter: Volvo Cars to Phase Out EX30 Electric SUVs in US

MT Newswires Live03-17 10:33

Zhejiang Geely Holding Group-owned Volvo Cars will discontinue the EX30 small electric SUV and the EX30 Cross Country in the U.S. later this year, Reuters reported Monday, citing a company spokesperson.

Sales of the two models will end after the 2026 model year in the U.S., though the EX30 will remain available in other markets, including Canada and Mexico, according to the report.

Volvo is an affiliate of Geely Automobile (HKG:0175).

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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