Volvo Cars to start mid-size SUV production at US plant next year
XC60's sales in the United States rose by almost 23% in the first six months of 2025, the Gothenburg-based company said, adding that the model was most popular among U.S. customers.
Volvo Cars, which is owned by China's Geely Holding, had said earlier this week that it was booking an impairment charge of 11.4 billion crowns ($1.17 billion) in the second quarter related to its ES90 and EX90 models due to tariffs and launch delays.
Most of Volvo Cars' vehicles for the U.S. market, which last year accounted for 16% of group sales, are imported from Europe. The company only produces its high-end SUV EX90, at the Charleston, South Carolina factory. CEO Hakan Samuelsson has earlier said that a popular hybrid model was needed to be added to the plant.
($1 = 9.7057 Swedish crowns)
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