Volvo’s parent just revealed a $15,000 extended-range EV, and it shows how wide the US value gap has become

Geely, the Chinese automotive giant that owns Volvo, has just unveiled the Boyue EREV in China with a limited-time price of 107,900 Yuan, or roughly about $14,900. This price is worth noting, considering it’s not a stripped-down city car, but an extended-range SUV. It further highlights the value gulf between China and the US looks even wider.

This isn’t some tiny -range compromise either. Geely says the Boyue EREV offers up to 375 km of CLTC electric range and as much as 1,525 km of combined range, depending on the variant. It uses a 1.5 liter range extender, a 160kW electric motor, and either a 28.3 kWh or 50.4 kWh LFP battery pack. The larger battery also supports 3C fast charging, which claims to hit 80% charge from 30% in just about 15 minutes.

What else does it offer?

The Boyue EREV also doesn’t cut corners for the price, offering a 14.6-inch central display, an 8.8-inch instrument cluster, Flyme Auto, and support for both Carlink and Huawei HiCar. Keeping up with other high-tech Chinese EVs, you also get 50W wireless charging, an optional 16-speaker audio, an optional HUD, and L2-level driver assistance. It is also a real family SUV too, measuring 4,680mm long with a 2,778mm wheelbase.

Why this is such a big deal

The bigger story here is not just Geely’s new SUV. It is what this kind of product says about the market split. Reuters reported earlier this week on Geely’s broader importance to Volvo as the Swedish brand navigates a tough car market. It also underlines just how central the Chinese parent has become. And despite US buyers wanting to buy Chinese EVs, they remain largely shut out of this kind of value.