(Reuters) -Volvo Automobiles will postpone the U.S. deliveries of its EX30 electrical automobile because it focuses on increasing manufacturing of the compact SUV exterior China within the wake of tariff hikes on exports from the nation, an organization spokesperson mentioned on Wednesday.
Volvo (OTC:) had beforehand mentioned it will start promoting the EX30 in the USA later this 12 months, however a spokesperson on Wednesday instructed Reuters that deliveries won’t begin till 2025, partly because of the introduction of tariffs of greater than 100% on Chinese language EV imports by the U.S. authorities.
U.S. President Joe Biden unveiled steep tariff hikes on Chinese language imports final month, together with over 100% on EVs, up from 27.5% earlier.
Subsequently, the European Fee has additionally mentioned it will impose further duties of as much as 38.1% on imported Chinese language electrical automobiles from July, risking retaliation from Beijing, which mentioned it will take measures to safeguard its pursuits.
Volvo, the Swedish luxurious model owned by China’s Geely, began constructing the EX30 in Zhangjiakou, China, and mentioned final 12 months it will develop manufacturing of the small electrical SUV to a plant in Belgium starting 2025.
The Volvo spokesperson mentioned on Wednesday the Belgium plant will primarily serve North America and Europe.