Volvo and Polestar delay EX90 and Polestar 3, cut jobs, and drop production targets amid Tesla and BYD price war in booming electric vehicle market

[Redaktion]

A sign of the times, Volvo's Polestar performance division has announced that it has cut production targets by 20,000 units for the 2023 model year, while production for the Volvo EX90 and Polestar 3 electric vehicles are both delayed to the first half of 2024. Volvo has also announced a 10% reduction in jobs in an effort to cut costs, despite 25% growth in the global EV market in Q1 of 2023.

https://www.notebookcheck.net/Volvo-and-Polestar-delay-EX90-and-Polestar-3-cut-jobs-and-drop-production-targets-amid-Tesla-and-BYD-price-war-in-booming-electric-vehicle-market.717873.0.html