Volvo EX90 order book closed due to 'tremendous reception'
is such that Volvo has closed the reservation books, already selling out the first production run.
We don't know when the company stopped taking orders nor the size of the production run. There could have been four months at most from orders opening to orders closing, the debut happening at the beginning of November. We imagine the actual span was much shorter. The report describes a"tremendous reception from customers" that"surpassed the company’s boldest and most ambitious internal projections" for how the EX90 could do in the market.
On the other side, one note of caution in the Q1 report caught our eyes, Volvo writing that"costs for lithium skyrocketed 800 percent over the last two years." The pendulum is swinging the other way, the next sentences telling readers"[we're] now beginning to see lithium prices declining, which should improve underlying profitability on
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