Volvo to triple production of electric cars

Volvo to triple production of electric cars

FineAuto

Thanks to strong growth in its recharge models last year, Volvo announced that it will triple production of electric cars at its Ghent plant in Belgium by 2022.

The company produces the XC40 Recharge, which is the first EV of the Swedish brand, and a plug-in hybrid version of the XC40. Also here, from the end of this year, the new zero-emission Volvo will be assembled, which will be based on the CMA architecture.

In addition to the new EV, which will go into production in Belgium in the coming months, Volvo will launch several other electric vehicles in the near future. The group wants half of its global sales to come from zero-emission models by 2025, while the rest will be partially electrified.

 

Volvo sold 661,713 vehicles worldwide last year, down 6.2 percent from 2019 as a result of the global pandemic, but it did record a 7.4 percent increase in the second half, with 391,751 units. The best-selling model was the XC60 with 191,696 units, followed by the XC40 and XC90 with 185,406 and 92,458 units, respectively.

Europe was the company’s largest market, with 287,902 sales, down 15.5 percent from 2019, while another 166,617 units were delivered in China and 110,129 in the U.S., up 7.5 percent and 1.8 percent, respectively.

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