Volvo’s China-made EX30 Electric SUV to Undercut Tesla Model Y When It Hits US This Summer

Volvo’s China-made electric vehicle EX30 is set to hit US dealers this summer. It offers power and efficiency similar to the Tesla Model Y but costs about $8000 less. This move symbolizes China’s EV dominance and the evolving global EV market landscape. The competitive price of the EX30 is due to Geely’s cost advantages and Volvo’s ability to avoid US tariffs on Chinese cars. Despite its aggressive price, Volvo targets profit margins on the EX30 of between 15% and 20% globally.

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