Volvo Achieves Milestone in EX30 Production Amid Rising Demand [Yahoo! Finance]
Dorman Products, Inc. (DORM)
Last dorman products, inc. earnings: 4/27 07:00 am
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Source: Yahoo! Finance
On Sept. 30, 2024, the 100,000th EX30 rolled off the production line amid rising demand for the budget-friendly electric sports utility vehicle (SUV). Since production began last fall in China, Volvo has now produced 100,000 units on the back of strong sales growth. Despite its compact size, the EX30 is packed with Volvo's signature technology and safety features. Per Volvo, the EX30 is a small but powerful new chapter for the brand. Starting at approximately $40,000, or around $28,600 in China, the EX30 has made a significant impact. Per Dataforce, it was recently ranked as Europe's second-best-selling EV, behind the Tesla Model Y. While EV registrations in the EU dropped 43.9% last month, Volvo's sales surged 36% year over year to 19,605 vehicles due to a significant rise in sales of the EX30, which contributed 6,377 units. However, the EX30's U.S. launch, initially planned for later this year, has been postponed to the second half of 2025 due to a new 100% tariff on Chinese EV
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DORM
Earnings
- 10/31/24 - Beat
DORM
Sec Filings
- 11/21/24 - Form 144
- 11/19/24 - Form 4
- 11/15/24 - Form 144
- DORM's page on the SEC website