Volvo’s first all-electric car to be made in China from 2019 – Will be exported across the globe
Volvo is targeting to sell a total of 1 million electrified cars by 2025.
At the 2017 Auto Shanghai, Volvo Cars which is owned by the Chinese automaker Geely has announced that it will make its first ever all-electric car in China starting from 2019. Without revealing much about the electric car in question, the Swedish brand confirmed that it will be based on the new Compact Modular Architecture (CMA) which is being co-developed with its parent company.
The CMA will underpin Volvo’s next gen range of compact models as well as some of Geely products. The all-electric car will be a global model with one of Volvo-Geely’s Chinese facilities as the sole production base.
The decision to manufacture the electric car in China is a no-brainer for Volvo not only because its owned by Geely firm but also because the Chinese market is the world’s largest consumer of hybrid and electric cars. The nation has strict targets to promote sales of green cars to curb air quality issues in its major urban centers. The move is inline with Volvo’s goal of selling over 1 million electrified cars – both hybrids and all-electrics – by 2025.
Volvo Cars has also announced that it is currently developing an all-electric model based on its SPA (Scalable Product Architecture) which underpins the XC90 and S90.
“Volvo Cars fully supports the Chinese government’s call for cleaner air as outlined in the latest five-year plan. It is fully in-line with our own core values of environmental care, quality and safety,” said Håkan Samuelsson, chief executive of Volvo Cars. “We believe that electrification is the answer to sustainable mobility.”