The midsize crossover ranges from $57,800 for the stripped-down single-motor variant to $74,300 for the tricked-out dual-motor performance version.

The technology, which will debut in the EX60 midsize electric SUV, was co-patented by Volvo and German supplier ZF.

Volvo's 150,000-vehicle assembly plant near Charleston, S.C., produced about 20,000 vehicles last year, just 13 percent of its capacity.

European automakers are adding more production at their U.S. factories after President Donald Trump imposed a 25 percent tariff on vehicles imported from the European Union.

The credit rating agency said it expects Volvo Cars’ profitability and cash generation, after investments, to come under pressure in 2025-2026, partly alleviated by a substantial cost reduction program.

The automaker, which builds Volvo EX90 and Polestar 3 electric crossovers in the U.S., said it is working to resume production as quickly as possible.

Stellantis, Nissan and Volvo all face potentially existential threats in the coming months on a variety of fronts. All three named safe internal candidates to become CEO.

Volvo faces high costs, a slowdown in electric vehicle demand and uncertainty over trade tariffs.