Volvo Delivers the New EX90 that is Set to Launch on June 7th
Volvo introduces a new electric SUV that boasts a compact design dubbed the EX30. It is the first compact SUV by the company and was teased during the launch of its EX90, which claims that it is the safest car ever. It shares design features with the EX90 and including the angled hatchback shape and the tail light.
The new car will also use the electric vehicle platform that has been developed by Geely. Smart, which is an automotive brand. Similar to other car companies, Volvo Cars claims that it is working towards going entirely electric by the year 2030 starting with its first electric vehicle launched back in 2019 dubbed the XC40 Recharge SUV.
Image Credit: Volvo
The new car will also use the electric vehicle platform that has been developed by Geely. Smart, which is an automotive brand. Similar to other car companies, Volvo Cars claims that it is working towards going entirely electric by the year 2030 starting with its first electric vehicle launched back in 2019 dubbed the XC40 Recharge SUV.
Image Credit: Volvo
Trend Themes
1. Compact Electric Suvs - The rise of compact electric SUVs like the new Volvo EX30 presents opportunities for car manufacturers to offer eco-friendly options with a smaller footprint.
2. Electric Vehicle Platforms - The use of electric vehicle platforms developed by third-party companies like Geely's Smart offers opportunities for car manufacturers to streamline production and reduce costs.
3. Transition to Electric Vehicles - The trend towards a complete transition to electric vehicles, led in part by companies like Volvo Cars, presents opportunities for the development of new technologies and infrastructure that support this shift.
Industry Implications
1. Automotive Manufacturing - Compact electric SUVs like the new Volvo EX30 present opportunities for automotive manufacturers of all sizes to develop and market eco-friendly vehicles with broad consumer appeal.
2. Electric Vehicle Infrastructure - As more car companies transition to electric vehicles, there will be opportunities for infrastructure-related industries such as charging station providers, battery manufacturers, and renewable energy providers to grow and innovate.
3. Third Party Automotive Suppliers - With car companies increasingly turning to third-party suppliers for electric vehicle platforms and other components, opportunities exist for suppliers to develop innovative products and solutions that meet the evolving needs of the industry.
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