First ever all-electric Volvo car will be manufactured in China; to be underpinned by Compact Modular Architecture
Swedish premium luxury automaker Volvo has confirmed that its first-ever all-electric car will be built in China and it will be exported globally from China only. The company is surely emphasising on Chinese market and the country is about play a very crucial role in the Swedish brand’s EV strategy. Interestingly, Volvo is currently owned by Chinese company Geely.
As the company announces, the upcoming Volvo electric vehicle will hit the showrooms sometime in 2019. It will come based on the Compact Modular Architecture (CMA) of the company. The company is already using plug-in hybrid technology in its cars, but responding to the call for cleaner air it wants to develop the electric vehicle.
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China being the largest auto market in the world and also the largest market for the EVs too, and considering the fact Chinese customers are very keen towards the premium luxury cars, Volvo is aiming to grab more market share in the country. Also, the Swedish luxury auto manufacturer says that it fully supports Chinese government’s call for cleaner environment as outlined in the latest five-year plan. It also says that, the policy is fully in line with the brand’s own core values of environmental care, quality and safety.
Apart from focusing on a fully electric powered car, Volvo has also made commitment towards introducing plug-in hybrid powertrain to its every single car, as the brand believes electrification is the answer to sustainable mobility. It is aiming to sell a total of one million electrified cars across the world by the end of 2025. These electrified cars will include hybrid and fully electric models.
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While the automaker is currently working on all-electric powertrain technology for its compact modular architecture (CMA) based cars, it is also developing the electric powered car that will be based on the larger Scalable Product Architecture (SPA), which underpins the brand’s flagship SUV XC90. Interestingly, Indian market is also an important part of the brand’s future global strategy. It would be interesting, if the brand considers bringing EVs to our country in near future.