Swedish automaker, Volvo reported through a virtual event that its goal is to be a global fully electric car company by 2030 and will launch a portfolio of new products in the coming years.
As part of its new strategy, Volvo Cars will invest heavily in its online sales channels, a more comprehensive, attractive and transparent consumer offering under the name “Care by Volvo”.
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“To remain successful, we need profitable growth. So instead of investing in a shrinking business, we choose to invest in the future — electric and online,” said Volvo’s chief executive Håkan Samuelsson, adding that the company is focused on becoming leaders in the premium electric segment of fast growth.
The first electric car of the brand was presented in different markets around the world last year and at the beginning of March the second, the Volvo C40 Recharge model, was presented. During the next few years Volvo Cars will launch several electric models, and by 2025, they aim for 50% of their global sales to be of these cars, with the rest hybrids. By 2030, all cars on the market must be fully electric.
About the Volvo C40 Recharge
The most recent model of the brand reaffirms the Volvo Cars path, and is that the C40 Recharge has all the benefits of an SUV, but with a lower, elegant and electric design.
The propulsion consists of two electric motors, one on the front axle and one on the rear axle, powered by a 78 kWh battery that can be quickly charged to 80% in about 40 minutes.
It also offers an expected range of around 420 km, which is expected to improve over time through wireless software updates.
The C40 Recharge will go into production this fall and will be built alongside the XC40 Recharge at Volvo Cars’ manufacturing plant in Ghent, Belgium.
Written by | Gabriel Sayago
