Volvo recalls 40,323 EX30 EVs globally over battery fire risk from overheating packs made by a Geely joint venture.

Volvo is recalling 40,323 EX30 electric SUVs worldwide due to a battery fire risk caused by overheating high-voltage battery packs, which affects both single- and twin-motor models. The defect, which is linked to batteries manufactured by a Geely-backed joint venture, is being addressed with free replacements, while owners are advised to charge only 70% and park away from buildings. The recall follows warnings issued in over a dozen countries since December, and the parts alone could cost up to $195 million. The move calls into question Volvo's safety-focused brand image amid broader cost-cutting and integration efforts with its parent company, Geely.