Info
Info

Volvo Cars aims for 50% of sales to be electric by 2025

News

Volvo is aiming for fully electric cars to make up 50% of its sales by 2025.

Info

The announcement builds on Volvo's 2017 industry-first announcement that all new models released from 2019 will be available as either a mild hybrid, plug-in hybrid or battery electric vehicle.

The company's strategy to generate half of its sales from electric cars by 2025 positions it as a powerful player in China, the world's leading market for electrified cars.

The Chinese government plans to have new-energy vehicles account for more than 20% of the country's annual car sales by 2025, which equates to more than seven million vehicles, based on Chinese government forecasts.

"Last year we made a commitment to electrification in preparation for an era beyond the internal combustion engine," said Håkan Samuelsson, president and CEO of Volvo Cars. "Today we reinforce and expand that commitment in the world's leading market for electrified cars. China's electric future is Volvo Cars' electric future."

Volvo currently produces the S90 and S90L T8 Twin Engine in China. This week marks the start of production for the XC60 T8 Twin Engine in China, meaning that soon all three Volvo China plants "“ Luqiao, Chengdu and Daqing "“ will produce either plug-in hybrid or battery electric cars.

At the Beijing Auto Show, Volvo will visually reinforce the company's position as an industry leader in electrification with all cars on display plugged-in. The event marks the first time the company displays only plug-in hybrid vehicles at an auto show.

In another first, side-by-side on stage, the company is displaying its three globally-available Volvo SUVs: the XC90, XC60 and the new XC40. Beijing also marks the first public appearance for the T5 plug-in hybrid version of the new XC40.


The Latest News, Brought To You By
Volvo Cars aims for 50% of sales to be electric by 2025
Modified on Thursday 26th April 2018
Find all articles related to:
Volvo Cars aims for 50% of sales to be electric by 2025
TaaS Technology Magazine
Info
Lucid Air Beta Prototype Body-Structure Constructed In-house At The Company’s Global Headquarters
Reservations Open For All-new Peugeot E-2008 SUV
ZF And Danfoss Seal Strategic Partnership
Volkswagen Breaks Ground On Expansion For EV Production In US
DRiV Expands Ride Performance Presence On New Polestar 2 Electric Performance Fastback
Tesla’s Gigafactory In Germany To Create As Many As 10,000 Jobs
Evergrande To Invest Around $6.3 Billion To Promote NEV Development
UCLA Health Center Receives All-electric Winnebago As A Zero-emission Mobile Surgical Instrument Lab
Xpeng Motors Announces $400 Million Series C Capital Funding
Hyundai Teases Plug-in Hybrid Electric SUV Concept Ahead Of 2019 AutoMobility LA
LeddarTech Gets Recognised As A CES 2020 Innovation Award Honouree For The Leddar Pixell
Curiosity Lab And TUSA Partner To Foster Smart City And Intelligent Mobility Technology Innovation
Morris Commercial Unveils Its All-new, All-electric Morris JE Van
Tesla To Build Its European Gigafactory Near Berlin
CBRE And SemaConnect Complete Largest EV Charging Installation In The US
Dresden-based KaSiLi To Make Better Batteries For EVs In Germany
Rampini And Caetanobus Reach Commercial Agreement
ETAS And BlackBerry QNX Announce Cooperation For Software Platform Based On AUTOSAR Adaptive
Volvo Buses Demonstrates Electric Autonomous Solution For Bus Depot
Eberspaecher Cooperates With Startup Autobahn
BYD Receives Largest Battery-Electric Bus Order In US History
Volkswagen And BASF Honour Battery Researcher Dr. Kimberly See
Tata Power-DDL Collaborates With Zoomcar To Run EV Fleet
Eurovia And Academy Of Robotics Agree Partner To Accelerate Autonomous Vehicle Development With “Kar-go”
Info
Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the TaaS Magazine, the TaaS Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification}