COPENHAGEN, Might unbiased 11 (Reuters) – Sweden-based exclusively mostly Volvo Cars (VOLCARb.ST) has delayed the launch of manufacturing of its original Volvo EX90 model for more instrument trend and testing, it stated on Thursday, sending its shares down 5%.
The firm now expects to launch manufacturing of the fully electrical SUV within the first half of 2024, it stated in a assertion.
Volvo Cars, majority owned by China’s Geely (0175.HK), unveiled the model gradual final three hundred and sixty five days, anticipating it to hit showrooms in early 2024.
Manufacturing was beforehand planned to launch on the tip of 2023, a Volvo Cars spokesperson stated. He declined to impart when the firm now expects the model to attach showrooms.
Reporting by Louise Breusch Rasmussen, editing by Anna Ringstrom
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