The XC40 P8 Recharge is currently Volvo’s only all-electric model, but that’s about to change. In March 2021, the brand will lift the curtain on its second electric car.
Volvo CEO Hakan Samuelsson said that on March 2, 2021, Volvo will introduce a new, second electric car. According to the Manager, the second electric car from Gothenburg shares the CMA base with the XC40. It’s not entirely clear what exactly to expect from a newbie. In 2016, Volvo introduced the 40.1 and 40.2 concepts. the 40.1 eventually became the already mentioned Volvo XC40, the design of the 40.2 Concept was taken over by Polestar for the Polestar 2.
According to CEO Samuelsson, Volvo’s second electric car will have a “more streamlined” body than the XC40, but it is unlikely that Volvo will get a model with the 40.2 Concept design after Polsestar. However, the CEO points out that the new electric car is not a successor to the now-defunct V40, as “Volvo has nothing to look for in the V40 segment.”
To be profitable, we need to focus more on the premium segments, ” said the Volvo Executive.
Volvo is increasingly drawing attention to electric vehicles. For example, in the coming years, the Swedes promise to gradually reduce the number of plug-in hybrids and at the same time add more all-electric models to the portfolio. By around 2030, only electric cars will be on the Volvo menu. The brand has also set a goal to take over the entire production process of electric motors.