Volvo will not compete in the low-end EV space, says CEO

According to media reports, Volvo has no plans to challenge the influx of low-cost EVs in China. The company's most affordable EV is the EX30, with a price tag of $28,000, and Volvo has no plans of offering any model below this. Jim Rowan, CEO of Volvo, stated, "I don't compete at the low end of t...

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