Volvo reported that vehicles may have an error on the center screen that causes the speedometer to go into test mode when the car is started. Upon learning that all EX30 cars require a software update and will be recalled to remove the defect, the Swedish stock exchange reacted nervously. At the beginning of trading on the Stockholm Stock Exchange, the car manufacturer's share price fell by as much as 3.5%.
Software – Volvo's weak point
The problem, first reported by Swedish website Carup, comes at an inopportune time for Volvo, which has been struggling with software problems in its increasingly computerized vehicles. Last year too Due to outdated software, Volvo had to delay the launch of the EX90.
The latest recall does not affect any other Volvo models and no accidents or injuries have been reported, a company spokesman said.
71,956 EX30 units for correction
Volvo started deliveries of the EX30 in January. In April, the EX30 was the second most popular battery-electric vehicle in Europe. About 35,000 were sold. units of the EX30, but a recall notice has been issued for all 71,956 units of the EX30.
Volvo also denied claims made in media reports over the weekend that planned transfer of EX30 and EX90 production from China to Belgium was an attempt to avoid potential tariffs that the European Union is expected to impose on electric vehicles produced in China.