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Volvo Wants U.S. Batteries For The EX90 As Tariffs Take A Bite Out Of Profits

Volvo Wants U.S. Batteries For The EX90 As Tariffs Take A Bite Out Of Profits

Volvo is looking for a U.S.-based battery supplier for the EX90 electric SUV. The EX90 is built in South Carolina but its batteries come from China’s CATL. Because of the increased import tariffs on Chinese batteries, Volvo was forced to increase the EX90’s price. Volvo was forced to hike the starting price of its flagship electric SUV, the EX90, even before it hit the showroom floor. Because of the increased tariffs on Chinese-made batteries, the Volvo EX90 now starts at $81,290 including shipping, $3,300 more than originally intended. Despite the EX90 being built in South Carolina, its high-voltage battery pack is made in China by Contemporary Amperex Technology Co. (CATL). That might not be the case for long, though, as Volvo is looking for an American battery supplier that would