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Reading: Volvo remembers 40,000 EX30 SUVs over battery hearth threat
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Business

Volvo remembers 40,000 EX30 SUVs over battery hearth threat

Editor
Last updated: February 24, 2026 7:16 am
Editor
Published: February 24, 2026
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Volvo remembers 40,000 EX30 SUVs over battery hearth threat


Take a look at whats clicking on FoxBusiness.com.

Volvo Vehicles is recalling over 40,000 of its flagship electrical EX30 SUVs due to a threat of battery packs overheating and catching hearth.

The recall entails changing modules within the high-voltage battery packs within the SUV, which is an important mannequin in Volvo’s push to compete with cheaper Chinese language manufacturers. The information was first reported by Reuters.

The recall covers a complete of 40,323 mannequin 12 months 2024-2026 EX30 Single-Motor Prolonged Vary and Twin-Motor Efficiency automobiles which have the high-voltage cells. Volvo is a Sweden-based automaker that’s majority-owned by China’s Geely.

VOLVO RECALLS MORE THAN 450,000 VEHICLES OVER BACKUP CAMERA ISSUE

Over 40,000 Volvo Automotive EX30 all-electric SUVs can be recalled by Volvo resulting from a battery hearth threat. (Francesca Volpi/Bloomberg through Getty Photographs)

Volvo mentioned it plans to exchange affected models freed from cost and is urging house owners to proceed limiting their charging to 70% till repairs can happen to eradicate the hearth threat.

“Our investigations have recognized that in very uncommon circumstances, the affected automobiles can overheat when charged to a excessive degree. In a worst-case situation this might result in a hearth beginning within the battery,” Volvo informed FOX Enterprise in a press release.

The automaker mentioned, in complete, 40,323 automobiles are affected globally; of these, it has “recognized 189 within the U.S. that can be inspected and glued if mandatory.”

VOLVO REVERSES GOAL TO MAKE ONLY EVS IN 2030

Inside Volvo's EX30 electric SUV.

Volvo mentioned that automobile house owners will get their EX30 electrical SUV batteries repaired freed from cost. (Claudia Greco/Reuters)

The automaker first informed EX30 house owners in over a dozen international locations – together with the U.S., Australia and Brazil – in December to park their automobiles away from buildings and cap charging at 70%, based on regulatory filings and the corporate.

Volvo could face a excessive value for changing the battery packs, as a Reuters evaluation based mostly on what a Chinese language battery maker may cost resulted in an estimate of $195 million, excluding logistics and restore prices. Volvo mentioned the calculations have been “speculative in nature” and that it is in discussions with the provider.

The automaker is pursuing deeper integration with its father or mother firm, Geely, whereas the batteries have been made by a Geely-backed three way partnership generally known as Shandong Geely Sunwoda Energy Battery Co. Volvo indicated the provider has mounted the issue and can provide the brand new battery cells.

NISSAN RECALLS OVER 640,000 VEHICLES FOR ENGINE AND GEAR ISSUES

Volvo logo on building

Volvo mentioned it is working with the provider to handle the difficulty. (Yves Herman/File Picture)

Andy Palmer, an auto business veteran who oversaw the launch of Nissan Motor’s Leaf EV in 2010, mentioned that Volvo has much less room for missteps than its rivals as a result of its security popularity is a central a part of its identification as an organization.

“Volvo cannot afford a security concern as a result of that strikes on the coronary heart of their model,” Palmer mentioned.

Volvo mentioned it’s contacting the house owners of affected automobiles to advise them concerning the subsequent steps within the recall.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Reuters contributed to this report.

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