Volvo to produce EX30 in Belgium from September 2025
- The Swedish brand Volvo (a subsidiary of the Chinese group Geely) has announced that it will produce its battery electric B-segment SUV, the EX30, in Ghent, Belgium, from September 2025, for models intended for the European market, while today the EX30 is produced entirely in China.
- The partial transfer of the EX30 production had already been considered since the launch of the model in 2023, but new events have accelerated this decision, in particular the cessation in certain countries of ecological bonuses concerning BEVs imported from regions outside Europe and the additional taxes announced by the European Commission on BEVs imported from China.
- Some Chinese carmakers have decided to build assembly plants on the European continent to produce their BEVs there, but Volvo already has two assembly plants located in Europe, one in Sweden (the historic site) and one in Belgium (opened in 1965).
- The other reason for the acceleration of the decision to transfer production of the EX30 is that the success of the model in Europe is higher than expected, as more than 8,000 have been sold per month since April 2024 and could therefore sell 100,000 over the whole year (three times more than expected). This success may be explained by the positioning of the model which does not exceed 4.23 m and whose price starts at 37,500 euros while carmakers favour BEVs of more than 4.50 m whose price exceeds 40,000 or even 45,000 euros.