New Volvo 40 Series To Get Plug-In Hybrid And Pure Electric Versions
Volvo revealed two new 40 series concept cars (the 40.1 and 40.2 – see additional images below), which are heralding its new global small car offerings for 2017. These vehicles are based on the company’s all new Compact Modular Architecture (CMA).
As in the case of the larger Scalable Product Architecture (SPA) currently used for 90 series series cars, CMA enables production of not only conventional offerings, but plug-in hybrid and all-electric versions as well.
Earlier Volvo plug-in hybrids were based on the SPA platform (XC90 T8 Twin Engine, V90) and are are already on the market. In 2019, an all-electric version will be added to the SPA lineup.
Now we hear word that the new CMA platform also will spawn a plug-in hybrid (front wheel drive T5 Twin Engine), and a new all-electric model.
The T5 Twin Engine will be equipped with new 3-cylinder petrol engine and a new 7-speed dual clutch transmission coupled to an electric motor.
“Today’s newly-revealed 40 series concepts demonstrate for the first time how Volvo plans to expand into the large and lucrative global market for premium small cars with a range of vehicles that combine bold exterior and interior design with industry-leading connectivity, electrification and autonomous drive technologies.
The new concept cars will be the first built around Volvo’s new Compact Modular Architecture (CMA), which has been specially created for smaller cars and which has liberated the company’s designers and engineers to explore bold and daring new directions.”
“Volvo’s small car strategy is an essential element in its ongoing global operational and financial transformation. The Swedish company is currently implementing an ambitious revitalisation plan that will reposition the brand to compete with its global premium competitors within the next four years.
Volvo’s new global small car range will include a pure battery electric vehicle as well as Twin Engine plug-in hybrid powertrain variants, in line with the company’s commitment to the electrification of its entire portfolio. Volvo plans to have sold a total of up to 1 million electrified cars by 2025 globally.”
“On top of their daring exterior design and electrified powertrain options, the new cars will also offer a full range of innovative connectivity services, plus the world’s most advanced standard package of safety features and ground breaking Scandinavian interior design.”
“The announcement of Volvo’s new global small car strategy comes on the back of a strong start to the year in terms of sales and profitability.
The company announced revenues for the first three months of the year rose 24 per cent year-on-year to SEK41.7bn, generating an operating profit of SEK3.1bn and an operating profit margin of 7.5 per cent. Global sales for the first quarter of 2016 increased 11.9 per cent to 120, 591 cars. Volvo has a medium term ambition to sell 800,000 cars a year, up from 503,000 in 2015.”
Dr Peter Mertens, Senior Vice President Research & Development said:
“By taking a modular approach to both vehicle architecture and powertrain development we have succeeded in leap-frogging many of the players in the premium segment. Our new battery electric powertrain variant opens yet another exciting chapter in the unfolding Volvo story.”
Håkan Samuelsson, president and chief executive said:
“The new 40 series cars have the potential to improve our market penetration in an important growing segment. An electric powertrain program including both a new compact Twin Engine plug-in hybrid as well as a pure electric car are central to the CMA architecture.”