Volvo Cars is recalling more than 40,000 of its all-electric EX30 compact SUVs worldwide over a potential battery fire risk, with US owners among those affected, according to reporting from Reuters.The recall covers 40,323 EX30 Single-Motor Extended Range and Twin-Motor Performance models equipped with certain high-voltage battery cells. Volvo said the issue involves modules within the battery pack that could overheat, creating a potential fire hazard. The company will replace the affected battery modules free of charge.At least 40 EX30 owners in the States have already been advised to limit charging to 70% and to park away from buildings until repairs are completed. Volvo said it is contacting all affected owners with next steps. According to a NHTSA filing, the advisory has been in place since December in multiple markets, including the US.The EX30 is an important model for Volvo as it expands its electric lineup and tries to compete with lower-priced EVs from China. Analysts say the recall could pose reputational challenges for a company long associated with safety.Volvo EX30.“Volvo can’t afford a safety issue because that strikes at the heart of their brand,” industry veteran Andy Palmer told Reuters. The affected batteries were supplied by Shandong Geely Sunwoda Power Battery Co., a joint venture backed by Volvo’s parent company, Geely. Volvo said the supplier has addressed the defect and will provide updated replacement battery cells.While Volvo did not estimate repair costs, Reuters analysis suggested replacement modules alone could total nearly $200 million, excluding labor and logistics. The automaker called those estimates speculative and said it is in discussions with its supplier.The recall follows past industry-wide battery issues, including General Motors’ 2020 recall of Chevrolet Bolt EVs over fire risks.