Volvo Car presented a new flagship electric sedan built in China as the automaker controlled by Zhejiang Geely Holding Group braces for rising trade tensions.
The ES90, unveiled at an event in Stockholm, starts at 71,990 euros (S$103,605) in Germany. Made at a plant in Chengdu, the model can drive 700 kilometres before needing to recharge.
Volvo is unveiling the new car amid an escalating global trade conflict, with US President Donald Trump’s tariffs hurting an automotive industry already struggling with muted demand. Sales of Volvo’s fully electric models fell 15% last month compared with the same period a year ago.
Volvo has had to deal with rising European Union duties on Chinese EV imports and would be affected if Trump also slaps levies on European cars. The manufacturer has some flexibility to shift production, given that it operates factories not just in China and Europe but also one in South Carolina.
Volvo said the ES90 is available for order in selected European countries, with additional markets to be added later this year and next. BLOOMBERG
Share with us your feedback on BT’s products and services
