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Volvo

Volvo hunts for U.S. battery supply to avoid 25% tariff on key model

Volvo EX90 being assembled at the automaker's factory in Ridgeville, South Carolina.
The Volvo EX90 crossover is assembled in Ridgeville, S.C., with CATL batteries subject to high tariffs. (VOLVO CARS)
UK
By:
Urvaksh Karkaria
February 12, 2025 05:49 PM

Tariffs on electric-vehicle battery cells and materials imported from China more than tripled to 25 percent last year, pressuring Volvo Cars to find a domestic source for its U.S.-made EX90 crossover.

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