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Volvo has delayed U.S. deliveries of its EX60 electric vehicle after facing difficulties in ramping up production of the first model based on the SPA3 platform and new manufacturing processes. The company expects inventory to remain limited until early 2027, even though the vehicle offers up to 330 miles of range and fast charging at up to 370 kilowatts.
According to a report carried by Nikkei, Toyota plans to develop and produce a new electric SUV under the Lexus brand at its new Shanghai plant before launching it in Japan. The move reflects the company’s shift toward relying on China to accelerate development and reduce electric-vehicle manufacturing costs.